Full text of Commercial and Financial Chronicle : November 11, 1922 : Railway Earnings Section, Vol. 115, No. 2994

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TWO SECTIONS—SECTION TWO

RAILWAY EARNINGS
SECTION OF THE

COMMERCIAL & FINANCIAL CHRONICLE
Washington,
Copyrighted in 1922 according to Act of Congress, by WILLIAM B. DANA COMPANY,in office of Librarian of Congress,

NEW YORK, NOVEMBER 11, 1922.

VOL. 115.

NO. 2994.

HIS entire publication is devoted to a presentation of the reports of earnings
and expenses of United States railroads for the latest month (September) and
for the calendar year to date, including said month. The table embraces
every steam operating railroad in the country which is obliged to make monthly
reports to the Inter-State Commerce Commission at Washington. Returns are now
required only from carriers whose railway operating revenues, or gross earnings, exceed
$1,000,000 per annum.
The figures are a transcript of the sworn returns on file at WashingSworn Returns. ton. They have the further advantage of uniformity of method
basis
and classification. Every company is obliged to make up its returns on the same
and in the same way as every other company.
The"Chronicle" has always made a specialty of weekly and monthly
Earnings
reports of railroad earnings, and for nearly fifty years its weekly
Our Specialty.
and monthly summaries have been everywhere accepted as authoritative. The present publication is in continuation of this work.
These Inter-State Commerce returns also make it possible for us
Full Details.
to present full details of both the revenues and expenses. Besides
showing total gross earnings, we indicate separately the passenger and the freight,
revenues. In the case of the expenditures we report the outlays for both maintenance
of way and maintenance of equipment as well as the traffic and transportation expenses.
We also show the railway tax accruals and the net earnings after the deduction of such
taxes and also the deduction of the comparatively trifling item of uncollectible railway
revenues. In addition, we indicate the net earnings remaining after the deduction of
certain rents, namely equipment rents and joint facility rent. We conclude by giving
the miles operated on which the earnings are based.
The cents we have necessarily been obliged to discard altogether, and
Cents Discarded. if in any case the results should happen to vary a dollar, one way or
the other,from exact proof, the reason for the variance will be found in that circumstance.
To make this publication absolutely complete, we add statements
Company Returns at the end to show also the figures issued by the companies themAlso Given
selves, where they are made up on a basis different from that of the
on, or
Commerce Commission returns, or where they give additional items of informati
consolidated form,
in
s
companie
the
by
issued
are
figures
happens,
s
sometime
as
where,
road separately.
so as to show results for the system as a whole,instead of each constituent
The matter contained in this extra and novel publication is entirely
Other Returns
additional to the comprehensive reports of earnings we furnish in
Continued.
the "Chronicle" from week to week. All the returns of the leading
figures of gross earnings, are printed regularly and promptly
weekly
all
also
roads, and
a month—say
in the "Chronicle" as soon as received. But in addition we issue onceium of earnings
about the 15th—this special publication, furnishing a sort of compend
.
in which we bring together all the returns for the latest month which are available
As in the case of our numerous other Supplements or "Sections,"
Only for
all of which are expensive publications, the "Railway Earnings
Subscribers.
Section" will be furnished only to "Chronicle" subscribers. These
each subscription. It will be imwill receive it free of charge, one copy going with will
be printed for general sale.
none
as
way,
other
any
in
possible to obtain copies

T

WILLIAM B. DANA COMPANY, PUBLISHERS
NEW YORK
90 PINE STREET




D.C.

136-138-140 FRONT STREET

Reprint of
Article in
Philadelphia
Public Ledger
by
Richard Spillane
its
Business Editor

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BUSINESS

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BROOKE,STOKES & CO.
Members Philadelphia Stock Exchange
140 South Fifteenth Street
Philadelphia
734 Fifteenth St. N. W.
Washington

300 North Charles St.
Baltimore

3

RAILWAY EARNINGS

Nov., 1922.]

GENERAL INDEX
TO ROADS APPEARING IN THIS SECTION.
Page.
Name—
4
Akron Canton & Youngstown
4
Alabama & Vicksburg
Alabama Great Southern. See Southern..12
4
Ann Arbor
Arizona Eastern. See Southern Pacific..12
4
Atchison Topeka & Santa Fe
4
Atlanta & West Point
4
Atlanta Birmingham & Atlantic
Atlantic & St. Law. See Grd. Trk. Sys. 7
4
Atlantic City
4
Atlantic Coast Line
Atlantic Steamship Lines. See So. Pac_12
4
Baltimore & Ohio
Baltimore & Ohio Chicago Terminal_ __ _ 4
Baltimore Ches. & Atlantic. See Penn_10
4
Bangor & Aroostook
Beau.SourL &W SeeN.Orl.Tex.&Mex. 9
14
Bellefonte Central
4
Belt Railway of Chicago
4
Bessemer & Lake Erie
5
Bingham & Garfield
5
Boston & Maine
5
Brooklyn Eastern District Term
5
Buffalo & Susquehanna
5
Buffalo Rochester & Pittsburgh
14
Canadian Pacific
5
Carolina Clinchfield & Ohio
5
Central New England
5
Central of Georgia
5
Central RR. of New Jersey
5
Central Vermont
5
Charleston & West Carolina
5
Chesapeake & Ohio Lines
5
Chicago & Alton
5
Chicago & Eastern Illinois
7
Chicago & Erie. See Erie
5
Chicago & North Western
5
Chicago Burlington & Quincy
Chicago Dot. & Can. Grand Trk. Jct.
7
See Grand Trunk System
5
Chicago Great Western
5
Chicago Indianapolis & Louisville
Chicago Junct. See Chic. River & Ind. 6
5
Chicago Milwaukee & St. Paul
5
Chicago Peoria & St. Louis RR
6
Chicago River & Indiana
6
Chicago Rock Island & Gulf
6
Chicago Rook Island & Pacific
6
Chicago St. Paul Minn. & Omaha
Chic.Terre Ha.&South. SeeC. .&St.P. 5
Cincinnati Indianapolis & Western_ _ 6
Cincinnati Lebanon & North. See Penn_ 10
Cinc. Now On.& Texas Pac. See South..12
Cincinnati Northern. See N.Y. Central_ 9
Cleve. Cinc. Chic. & St. L. SeeN.Y. C.. 9
Coal & Coke. See Baltimore & Ohio_ __ _ 4
6
Colorado & Southern
Columbus & Greenville. See Mob. & 0_. 9
Cumberland Valley & Martinsburg_ _ _ _ 6
6
Delaware & Hudson
6
Delaware Lackawanna & Western
6
Denver & Rio Grande
6
Denver & Salt Lake
6
Detroit & Mackinac
6
Detroit & Toledo Shore Line
Det. Gr. Hay. & Mil. See Or. Tr. Sys_ 7
6
Detroit Toledo & Ironton
6
Duluth & Iron Range
6
Duluth Missabe & Northern
6
Duluth South Shore & Atlantic
6
buluth Winnipeg & Pacific
7
East St. Louis Connecting




Page.
Name—
7
El Paso & Southwestern
7
Elgin Joliet & Eastern
7
Erie
7
Florida East Coast
14
Fonda Johnstown & Gloversville
7
Fort Smith & Western
Fort Worth & Den. City. See Col.& Sou 6
Ft. Worth & Rio Gr. See St. L.-S. F 11
Galv. Harrisb. & San Ant. See Sou. Pac.12
7
Galveston Wharf
Georgia
7
Georgia & Florida
Georgia Southern & Fla. See Southern_ _12
Grand Rapids & Indiana. See Penn_ 10
7
Grand Trunk System
7
Grand Trunk Western
Great Northern
7
Green Bay & Western
7
Gulf & Ship Island
Gulf Colo. & Santa Fe. See Atchison 4
7
Gulf Mobile & Northern
7
Hocking Valley
Houston & Texas Cent. See Sou. Pac_ 12
Houston East & West Tex. See So. Pac_12
7 and 14
Illinois Central
Indiana Harbor Belt. See N Y Central_ 9
8
International & Great Northern
8
International Ry. Co. of Me
Kanawha & Mich. See N. Y. Cent_ _ _ _10
Kansas City Mexico & Orient RR
8
Kan. City Mex & Orient Ry. Co. of Tex_ 8
8 and 14
Kansas City Southern
Kansas Oklahoma & Gulf
8
Lake Erie & West. See N. Y. Chicago
& St. Louis
10
Lake Superior & Ishpeming
8
Lake Terminal
8
Lehigh & Hudson River
8
8
Lehigh & New England
Lehigh Valley
8
Long Island. See Pennsylvania
10
8
Los Angeles & Salt Lake
8
Louisiana & Arkansas
Louisiana Railway & Navigation Co_ _ _ _ 8
Louisiana Western. See Southern Pac_ _12
8
Louisville & Nashville
8
Louisville Henderson & St Louis
8
Maine Central
Maryland Delaw. & Virginia. See Penn..10
Michigan Cent. See N. Y. Central_.__ _10
8
Midland Valley
8
Minneapolis & St. Louis
9
Minneapolis St. Paul & S. S. M
9
Mississippi Central
9
Missouri & North Arkansas
9 and 14
Missouri Kansas & Texas
Missouri Kansas & Tex. Ry. of Texas_ 9
9
Missouri Pacific
9
Mobile & Ohio
10
Monongahela See Pennsylvania
9
Monongahela Connecting
Montour
Morgan's Louis. & Texas RR.& SS. Co.
12
See Southern Pacific
Nashville Chattanooga & St. Louis_ _ _ _ 9
9
Nevada Northern
9
Newburgh & South Shore
New Jersey & New York. See Erie.. 7
New Orleans & North East. See South_12
9
New Orleans Great Northern
9
New Orleans Texas & Mexico
9
New York Central

Page.
Name—
10
New York Chicago & St. Louis
10
New York Connecting
10
New York New Haven & Hartford
10
New York Ontario & Western
New York Phila.& Norfolk. See Penn.._11
New York Susquehanna & Western_ ......10
10
Norfolk & Western
10
Norfolk Southern
12
Northern Alabama. See Southern
10
Northern Pacific
10
Northwestern Pacific
Oregon Short Line. See Union Pacific_ _13
Oregon-Wash. RR.& Nay. See Un.Pac_13
Panhandle & Santa Fe. See Atchison_ _ _ 4
Pennsylvania Railroad and Co.....10 and 14
Peoria & Pekin Union
11
Pere Marquette
11
Perkiomen
11
Philadelphia & Reading Ry
11
Pittsburgh & L. E. See N. Y. Central_ _10
Pitts. Cin. Chic. & St. Louis. See Penn_11
Pittsburgh Shawmut & Northern
11
Pittsburgh & Shawmut
11
11
Pittsburgh & West Virginia
11
Port Reading
11
Quincy Omaha & Kansas City
Richmond Fredericksburg & Potomac_ _11
11
Rutland
St. Joseph & Grand Isl. See Union Pac _13
11 and 14
St. Louis-San Francisco
St. L. Brownsv.&Mex. SeeN.0.T.&M _ 9
St. Louis Merchants Bridge & Terminal.
See Terminal Association of St. Louis_13
St. Louis San Francisco & Texas. See
11
St. Louis-San Francisco
11 and 14
St. Louis Southwestern
St.LouisS.W.Ry.ofTex. SeeSt.L.&S.W.11
11
St. Louis Transfer
12
San Antonio & Aransas Pass
12
San Antonio Uvalde & Gulf
12
Seaboard Air Line
12
Southern Railway
12 and 14
Southern Pacific
South. Ry. in Miss. See Col. & Greenv_12
12
Spokane International
12
Spokane Portland & Seattle
12
Staten Island Rapid Transit
13
Tennessee Central
Terminal Railroad Assn. of St. Louis.... _13
Texarkana & Ft. Smith. See Kan. C.So. 8
Texas & New Orleans. See So. Pac__ _ _12
13
Texas & Pacific
Tol. & Ohio Cent. See N. Y. Central_ _ _10
Toledo Peoria & Western. See Penn_ Al
13
Toledo St. Louis & Western
Trinity & Brazos Valley. See Colorado
6
& Southern
13
Ulster & Delaware
13
Union RR (of Pennsylvania)
13 and 14
Union Pacific
13
Utah
13
Vicksburg Shreveport & Pacific
13
Virginian
13
Wabash
West Jersey & Seashore. See Penn_
13
Western Maryland
13
Western Pacific
13
Western Railway of Alabama
13
Wheeling & Lake Erie
13
Wichita Falls & Northwestern
6
Wichita Valley. See Cob. & Sou
13
Yazoo & Mississippi Valley

4

RAILWAY EARNINGS

[Vol.. 115.

REVENUE RETURNS OF

UNITED STATES RAILROADS
FOR SEPTEMBER AND FOR THE NINE MONTHS ENDING WITH SEPTEMBER.
In the following we furnish detailed figures of earnings and expenses for September 1922, as compared with
September 1921, and also for the nine months ending with September in the two years, of every steam railroad
in
the United States which is obliged to file monthly returns of earnings and expenses with the
Inter-State
Commerce Commission at Washington.
It should be understood, however, that the Inter-State Commerce Commission now requires monthly reports
only from roads whose gross railway operating revenues exceed $1,000,000 per annum. Prior to the
taking over
of the roads by the Government, or, to be strictly accurate, prior to the call for the March 1918 reports, monthly
returns were required from all carriers having railway operating revenues in excess of $100,000 per
annum.
In the closing page of this publication-page 14-we also give the Company returns where these differ in any
way from the Commerce Commission returns or embrace more facts than are contained in the latter.
Akron Canton & Youngstown

EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp_
Tot.exp.,incl.oth.
Net from railroad.._ _ _
Taxes
Uncollectible revenue_
Net after taxes, &c
Net after rents
Aver. miles of r'd oper.

Ann Arbor

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1922.
1921.
1922.
1921.
1922.
1921.
1922.
$
$
$
$
$
$
$
171,668
168,048 1,540,829 1,114,823
354,759
392,289 3,132,040
1,014
1,662
12,154
17,202.
39.861
52,920
387,767
182,756
178,668 1,625,057 1,201,700
417,939
468,202 3,691,770
28,392
25,674
188,719
186,572
56,433
53,671
454,745
18,605
11,629
173,989
137,232
81,196
92,415
656,568
6,154
5,870
52,501
43,159
8,901
8,083
84,784
61,761
48,631
459,384
381,194
201,008
179,672 1.654,493
122,217
99,456
951,484
813,928
364,344
346,514 2,989,958
60,539
79,212
673,573
387,772
53,595
121,688
701,812
10,000
9,000
89,500
81,000
22,440
20,400
193,320
99
23
381
50,539
70,212 , 583,974
306,772
31,155
101,265
508,111
24,302
51,341
346,020
173,080
-9,890
83,884
293,025
170
170
170
170
293
293
293

Alabama & Vicksburg
-Month of September- -Jan. 1 to
1922.
1921.
1922.
$
$
$
Freight revenue
135,749
214,901 1,526,580
Passenger revenue....58,659
63.396
513,139
Tot.. incl. other rev.
214,447
298,823 2,199,723
49,268
29,761
418,330
Expenses-Maint.waY
34,116
Maint. of equipm't_
50,645
404,500
Traffic expenses.._ _
6,716
7,815
74,891
105,875
Transportation exp_
110,668
863,040
209,233
212,649 1,884,021
Tot.exp.,incl.oth.
Net from railroad- __ 5,214
86,174
315,702
Taxes
16,380
18,493
173,415
Uncollectible revenue_
49
23
374
Net after taxes, &c_ --11,215
67,658
141.913
Net after rents
-5,495
68,015
181,701
Aver. miles ofr'd open
141
141
141
EARNINGS.

Baltimore & Ohio

Sept. 30Includes Coal & Coke
1921.
-Month of September- -Jan. 1 to Sept. 30$
1922.
1921.
1922.101
1921.
3,019,663 10,047,537 13,613,876 110224,998 115919,505
480,356 2,270,586 2,532,497 19,908,533 22,663.213
3,682,106 13,619,379 17,468,612 140346,795 148170,774
479,153 1,900,308 2,455,434 17,405,677 17,599,329
825,511 5,570,386 3,760,601 33,729,538 33,151,856
74,898
273,334
296,295 2,655,449 2,441,588
1,657,196 7,006,166 6,414.385 58,852.411 65,858,820
3,164,644 15.331,852 13,564,179 118167,188 125093,453
517,462 -1,712,473 3,904,433 22,179,607 23,077,321
177,800
614,128
694,196 6,257,284 5,460,790
136
6,459
1,746
69,981
27.321
339,526 -2,333,060 3,208,491 15,852,342 17,589,210
240,937 -2,665,952 3,055,536 12,491,220 15,271,197
293
5,235
5,235
5,184
5,184

Atlanta & West Point

B & 0 Chicago Terminal

Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
$
$
$
$
$
$
$
1,742,079
139,330
107,643
943,261
918,457
545,523
75,430
76,495
640,578
727,152
2,450,345
242,266
215,134 1,827,096 1,885,883
243,351
247,660 2,241,513
437,677
30,823
29,337
239,152
245,911
35.744
52,032
322,587
511,165
44,669
37,244
384,518
410,710
47,892
34,880
296,006
72,119
8,852
7,953
70,580
72,793
1,861
1,462
16,919
1,069,108
85,446
72,000
706,917
758,984
156,948
126,341 1,292,754
2,218.608
183,201
159,884 1,526,782 1,624,552
257,239
229,262 2,062 828
231,737
59,065
55,250
300,314
261,331 --13,888
18,398
178,685
169,572
17,596
8,201
101,560
116,678
51,397
38,355
436,492
100
27
814
27
181
307
62,065
41,442
47,049
197.940
144,626 -65,285 -20,138 -258,114
90,254
31,071
38,144
129,651
113,632
26,951
83,715
746,775
141
93
93
93
93
91
90
91

Atchison Top & Santa Fe System Atlanta Birmingham &

Sept. 301921.
$
1,877,229
318,353
329,691
12,954
1,191,062
2,011.606
-134,377
330,825
5,676
-470,878
385,973
90

Atlantic
Bangor & Aroostook
Atchison 'Topeka & Santa Pe
-Month of September- -Jan. 1 to Sept. 30- -Month of
September- -Jan. 1 to Sept. 30-Month of beptember- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
$
13,109,460 12,388,437 91,270,749 94,695,796
Freight revenue
$
287,417
200,131
2,276,436 1,742,542
345,176
604,816
3,368,865 3,684,657 31,613,034 35,494,398
4,350,308
4,844,786
Passenger revenue..
49,268
29,123
349,503
323,094
77,717
79.901
666,602
712,734
Tot.,incl. other rev 17,827,530 17,164,878 133794,999 139756,570
363,719
252,904 2,859,061 2,253,028
445,375
704,880 5,717,373 5,256,344
Expenses--Maint.way 2,581,798 1,441,879 23,160,408 13,334,450
61,684
77,182
529,826
697,532
131,412
97,328 1,124,839
917,416
Maint. of equipm't_ 4,143.080 3,574,846 31,471,939 28,620,126
84,397
89,506
778,674
872,678
131,917
118,409 1,117,266 1,367,237
254,078
244,398 2,363,825 2,327,491
Traffic expenses......
20,593
19,776
189,448
186,794
3,797
4,291
35,551
39,915
5,416,440 5,352,109 42,348,419 50,775,407
Transportation exp
167,106
141,727 1.437.125 1,580,465
156,067
222,095 1,627,618 1,890,734
Tot.exp.,incl.oth 12,690,390 10,925,572 102145,456 98,019,822
348.256
346,486 3,078,643 3,477 016
443,794
462,332 4,089,960 4,440,411
Net from railroad..--- 5,137,140 6,239,306 31,649,543 41,736,748
15,463 --93,582 --219,582--1,223,988
1,581
242,548 1,627,413
815,933
1,850,349 2,081,043 10,589,403 9,773,020
Taxes
10,133
18,611
121,513
165,058
31,352
14,206
412,803
295,670
6,606
787
30,386'
26,076
Uncollectible revenue_
245
118
6,028
4,976
38
15
1,994
1,252 •
Net after taxes, &c_ 3,286,004 4,151,657 21,029,754 31,937 652
5,085 --112,311 -347,123-1,394,022 --29,809
228.327 1,212,616
519,011
3,483,064 4,347,431 22,241,504 32,760,959
Net after rents
11,369 --116,982 -433,290-1,421,910
25,983
255,813 1,350,770
629,491
8,855
8,820
8,856
Aver. miles ofr'd oper.
8,827
639
639
639
639
625
659
625
659
Gulf Colorado & Banta re
Atlantic City
Belt
Railway
of Chicago
-Month of September- -Jan. 1 to Sept. 30- -Month of September-- -Jan. 1 to Sept. 30- -Month of September--An.
1
to
Sept.
301922.
1921.
1922.
1921.
1922.
1921.
EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
i
$
$
$
$
1,771,086 1,906,002 12,460,953 18,067,672
Freight revenue
123,713
145,362 1,107,798 1,051,990
377,355 3,013,260 3,573,090
387,245
Passenger revenue
338,230
341,427 2,584,250 2,741,245
483,819
Tot.,incl. other rev. 2,292,687 2,381,700 16,587,083 22,491,591
503,039 3,799,303 3,874,235
529,693
532,055 4,367,086 4,018,059
400,450
308,095
3,306,733
2,930,463
78,022
Expenses-Maint.way
75,904
547,643
546,843
54,858
44,421
426,007
473,758
544,186 4,034,575 4,626,973
495,576
40,194
Maint. of equipm't_
43.929
336,642
490,481
53,961
53,656
432,661
528,231
39,536
44,876
383,756
366,717
4,935
Traffic expenses..-5,975
58,686
34,171
2,199
1,132
19,229
9,951
683,007
756.716
5,435,668
7,462,811
272,904
222,761 2,062,425 1,988.426
Transportation exp
246.378
233,290 1,963.118 1,971,514
1,597,574
1,813,147
13,754,223
16,019,064
400,770
Tot.exn.,incl.oth.
357,349 3,046.906 3,089,011
366,715
343,782 2,928,507 3,082,715
568,553 2,832,860 6,472,529
695,113
83,049
Net from railroad-- -145,690
752,397
785,224
162,978
188,273 1,438,579
935,344
53,106
640,700
83,371
643,363
19,249
Taxes
18,731
175,777
171,627
35,255
32,317
316,830
246,271
487
8,707
303
12,932
17
thicollectible revenue
3,568
93
515,144 2,183,453 5,816,232
611,265
63,783
126,959
Net after taxes, &c
573,052
613,504
127,723
155,956 i,121,749
689,073
476,429 1,624,798 5,256,219
566,993
12,355
87,769
Net after rents
216,755
297,332
123,848
129,103 1,219,677 1,201,541
1,907
1,907
1,907
1,907
176
177
Aver. miles ofr'd oper.
176
177
32
32
31
31
Panhandle & Santa re
Atlantic Coast Line
Bessemer & Lake Erie
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept.
301921.
1922.
1922.
1921.
1922.
1921.
1922.
EARNINGS.
1921.
1921.
1922.
1922.
1921.
$
$
$
$
$
$
$
$
$
$
i
$
735,749
594,840
4,164,085
5,384,182
3,687,072
3,000,059 35,389,393
Freight revenue
1,829,830 1,459,285 9,065,105 10,057,401
142,981 1,032.234 1,252,677 1.098,469 1,039,755 11.779,557 32,957,573
123,439
Passenger revenue.. _ 38,984
12,980,135
292,423
36.876
372,404
911,176 5,567,051 6,987,004 5,266,434 4,449,867 51,464,507 49,790,336 1,892,209 1,522,174 9,555,981
770,674
Tot., incl. other rev.
10,630,393
163,258 Cr29,707 1,463,791
523,472
648,806
Ex
811,240 6,042,175 7,266,673
ses-Maint.way
100,265
185,584
988,741
1,494,050
1,682,159
232,381
1,184,689
1,872,358
237,927
1,249,027 10,259,544 11,271,377
Maint. of equipm't_
453,225 2,786,580 3,843,490
343,447
6,160
63,091
59,708
93,085
7,608
101,995
Traffic expenses_ -941.961
19,921
13,399
868,946
132,965
145,754
345,437 1,837,993 2,461,838 2,030,445 1,975,116 18,989,150 22,903,894
234,934
363,732 3.033,871 3,328.298
Transportation exP517,791
4,109.983
5,208,895
5,106,552
570,761
660,889
4.286.647
Tot.exp.,incl.oth.
37,740.541 43,862,215 1.008,346 1,056,055 7.221.127 9.122.485
358,156 1,880,452 1,156,451
340,415
109,785
163,220 13,723,966 5,928,121
Net from railroad_ _ _ _
883,863
466,119 2,334,854 1,507,098
201,124
350,000
21,624
181,443
22,545
275,000 2,575,000 2,425,000
Taxes
19,252
32,597
280,904
279,597
2,725
246
2,662
1,657
2,020
387
Uncollectible revenue_
8
17,066
12
5,965
310
147
154,307 1,696,347
806,205 -112.167 11,131,908 3,497,156
317,134
85,220
Net after taxes, &c_
864,603
433.510 2.054.260 1,228,164
287,715 -422,454 1,396,634 1,024,367
Net after rents__ _ _ _
54,565
12,977 10,839,608 2,973,291
963,313
432,911 2,398,941 1,492,594
4,926
857
857
Aver. miles ofr'd oper.
4,886
857
857
225
4,923
225
225
225
EARNINGS.




A..

RAILWAY EARNINGS

Nov., 1922.]

Bingham & Garfield

5

Central New England

1

-Month of September- -Jan. 1 to Sept. 30-* -Month of September- -Jan. 1 to
1921. ,
1922.
1921.
1921.
1922.
1922.
1922.
$
$
$
$
$
i
$
643,268 4,452,842
13,228
130,249
458,514
28,172
Freight revenue
151,660
141
3,840
18,988
23,663
859
Passenger revenue.._ _
172,948
503,726
13,947
142,654
28,072
687,481 4,869,980
154,234
Tot.,incl. other rev.
23,512
171,907
15,651
Expenses-Maint.way
160,540
144,842
170,320 1,077,209
5,378
3,724
42,146
110,011
33,681
90,756
770,313
Maint. of equipm't_
1,662
1,218
13,519
4,354
4,301
12,285
Traffic expenses_ _ _
38,140
4,829
201,485
192,311 1,776,714
4,253
44,451
73,759
Transportation exp_
37,003
487,250
31,101
470,478 3,762,910
273,720
Tot.exp.,incl.oth.
338,905
-3,029 -23,056 -119,486 =196,251
16,476
217,065 1,107,07Ti
Net from railroad
8,496
52,193
21,984
2,600
42,106
21,383
202,312
Taxes
97
6
Uncollectible revenue_
17
102
255
--5,629 --31,552 --161,598 --248,461
-5,605
195,518
904,503
Net aftei taxes, &Lc_
7,465 --30,77
--65,048 --210,330 -12,058
156,285
551,380
Net after rents
34
35
34
295
35
301
Aver. miles ofr'd oper.
295

Sept. 301921.
$
5,722,344
224,948
6,182,121
1,190,309
910,770
35,727
2,282,795
4,549,708
1,632-,710
182,405
960
1,449,048
872.925
301,

EARNINGS.

Boston & Maine

Central Railroad of New Jersey'

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1922.
1921.
1922.
1921.
1921.
1922.
1921.
$
$
$
$
$
$
$
$
4,043,329 4,098,373 35,100,637 34,835,840 3,020,737 3,597,634 25,192,424 29,831,000
Freight revenue
Passenger revenue.._ _ 2,240,317 2,361,382 17,053,482 18.096.115
955,501
937.127 7.338,060 7.562,206
Tot.,incl. other rev. 7,072,244 7,130,528 58,474,927 57,931,223 4,270,335 4,800,960 34.952,975 39,469,157
nses-Maint.way 1,041,400 1,022,666 8,762,298 9,848,808
513,116
652,414 4,117,456 4,717,833
E
Maint. of equipm't_ 1,612,067 1,431.520 11,445,613 11,969,387
830,471 1,210,117 9,048,872 8,485,699
49,512
65,473
Traffic expenses_ _ _
490,997
37,870
540.087
35,286
307,838
308,621
Transportation exP- 3,024.860 3,058.782 26,252,788 30,753,967 1,909,586 1,771,461 15,284,257 16,590,642
Tot.exp.,incl.oth. 5.954,201 5,843,362 49,112,772 55,627,950 3,413,058 3,795,228 29,852,129 31,268,198
8577277 1,005Net from railroad.. __ _ 1,188,043 1,287,166 -9,362,156. 2,303,273 ,70 5,1007846- 87200,959
257,634 1,863,751 2,305,468
253,162
Taxes
236,556
261,036 2,326,960 2,220,972
Uncollectible revenue_
6
2,374
97
1.064
191
816
1,743
1.855
864.875 1,029,435 7,496,030
Net after taxes, &c_
-3,259
620,530
742,980 ,
2,772,143 5,978,232
54(a5077278-01 -571-24,866 -2,20676991 Net after rents
6017931
71-0,131 2,4497013 5,781,293
Aver. miles ofr'd oper.
2,287
2,287
2,300
688
2,300
685
688
685
EARNINGS.

Brooklyn Eastern District Term.

Central Vermont

Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921. I
1921.
1922.
1921.
$
$
$
I
$
$
3,756,217 11,464,423 11,530,566 85,172,533 90,316,836
1,364,328 2,643,361 2,866,755 21,229,831 24,377,757
5,262,369 15.398,172 15,810,094 117145,301 124731,266
1,110,848 2,328,667 3,072,824 15,772.997 15,896,523
1,308,626 3,788,267 2,661,261 24,729,975 24,357,366
170,268
110,740
158,787 1,721,543 1,625,455
3,117,681 6,359,354 5,120,085 45,438,928 48,154,054
5,871,112 13,097,432 11,505,598 91,531,737 94,767 655
-6-08,743 2,300,740 4,304.496 25,613,564 29,963,611
193,068 1,026,026
786,738 8,375,284 7,392,268
1,702
429
1,660
19,527
50,757
-802,240 1,273,012 3.516,098 17,218,753 22,520,586
-950,27-4 1,130,024 3,151,750 15.890,297 21,159,587
533
9,393
9,393
9,393
9.392

Buffalo & Susquehanna RR.Corp
-Month of September- -Jan. 1 to
1921.
1922.
1922.
$
$
$
162,219
164,410
Freight revenue
951,984
Passenger revenue.._ _
4,380
5,448
50,425
Tot.,incl. other rev.
172,415
171,630 1,037,772
Expenses-Maint.way
33,612
38.792
285,578
Maint. of equipm't_
45,809
68,350
324,739
Traffic expenses.. _ _
1,774
2,150
18,989
Transportation exp_
58,194
54,176
389,423
Tot.exp.,incl.oth.
147,841
172,808 1,099,270
Net from railroad.. _ _ _
24,571
-1,17g -61749if
Taxes
6,550
3,300
32,550
Uncollectible revenue_
28
72
Net after taxes, &c
17,996
-4,478 -94,120
Net after rents
23,60
6-07644
60,972
Aver. miles ofr'd oper.
253
253
253

Chicago & North Western
-Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
$
$
$
$
9,172,705 9,573,230 72,181.524 71,518,701
2.385,528 2,956,912 22,261,631 26,218,879
13,189,311 14,008,144 106391,636 108705,575
1,754,576 1,941,830 14,153,017 15,977,983
2,992,533 2,607,704 21,253,032 25,045,461
148,725
141,430 1,368,009 1,452,356
5,627,309 5,411,284 46,152,800 50.719,313
10,888,021 10,500,222 86,338,362 97,136,602
2,301,290 3,507,922 20,063,274 11,566,973
830,000
695,000 6,670,000 6,680,000
862
2,552
21,249
13,102
1,470,428 2.810,370 13,372,025 4,873,871
1,174,897 2,578,140 12,735,532 4,614,136
8,403
8,402
8,403
8,402

Chicago Burlington & Quincy

-Month of September- -Jan. 1 to Sept. 30- -Month of September- --Jan. 1 to
1922.
1921.
1922.
1922.
1921.
1921.
1922.
$
$
$
$
Freight revenue
469,151
95,478 1,116,011
116,887
470,955 3,745,359
915,299
Passenger revenue.._ _
122,976
152,034
924,900
Tot.,1nel, other rev.
658,461
975,827
124,471
104,405 1,186,194
675,109 5,215,322
Expenses-Maint.way
85,273
50,840
81,083
5,014
11,546
79,079
810,576
Maint. of equipuft..
159,731
93,984
118,902
16,454
175,491
13,773
851,151
Traffic expenses_ _ _
1,394
2,418
16,474
12,930
116,399
74
38,243
Transportation exp_
449,002
367,489
326.579
298,781 2,674.694
52,325
70,576
Tot.exp.,incl.oth.
686,044
542,854
704,021
75,431
532.609 4,673,140
115,607
Net from railroad_ _ -33,829
482,173 289,783
49,04'
142,509542,181
6,349
57,692
17,570
Taxes
6,212
21,452
59,924
158,130
Uncollectible revenue..
1
28
945
424,211
27,480
98,036
42,828
121,020
Net after taxes, &c_
229,859
383,107
414,211
27,480-61T470
Net after rents
977298"
229,879-•12:828
134,949
9
9
Aver. miles of r'd oper.
9
532
9
533
532
EARNINGS.

EARNINGS.

Chicago & Eastern Illinois

-Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921
$
$$
$
1,497,464 1,915,327 12,839,735 14,930.935
396,145
430,519 3,403,280 3,870.361
2,062,688 2,510,692 17,565,066 20,124,087
236,716
215,968 2,122,248 2,041,942
562,977
640,712 4,526,741 6,779,359
37,644
34,627
379,568
324,734
925,592
844,017 7,498.497 8,480,043
1,835,691 1,808,626 15,213,147 18,346,713
226,997
702,066 2,351,919 1,777,374
110,000
120,000
820,000
850,000
313
453
3,949
4.694
116,684
581,613 1,527,970
922.680
225,182
619,597 1,460,273 1,073,575
945
1,130
945
1,130

Chicago Great Western

Sept. 301921.
$
1,389,102
60,900
1,485,532
350,565
778,222
25,498
567.975
1,815
!
635
--330,103
29,700

-Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
$
$
$
$
1,564,834 1,696,635 12,780,319 13,124,854
386,576
425,491 3,235,393 3,781,113
2,137,762 2,295,313 17,580,178 18,247,818
339,983
452,275 2,880,425 2,567,710
505,323
414,580 3,969,096 3,812,178
58,836
62,170
572,050
596,744
920,680
842,019 7,479,017 7,788,025
1,891,385 1,837,052 15,520,487 15,446.264
246,377
458,261 2,059,691 2,801,554
81,803
83,207
727,355
651,735
178
173
2,494
1,529
164,396
374,881 1.329,842 2,148,290
5,143
205,478
128,689 1,656,040
1,496
1,496
1,496
1,496

--359,803
-40,934
253

Buffalo Rochester & Pittsburgh Charleston & Western Carolina Chicago Indianapolis & Louisville

EARNINGS.
Freight revenue
Passenger revenue.._ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_
Transportation exp_
Tot.exp.,incl.oth.
Net from railroad.._
Taxes
Uncollectible revenue..
Net after taxes, &c_
Net after rents
Aver. miles ofr'd open

-Month of September- -Jan. 1 to
1922.
1921.
1922.
$
$
$
1,207,726
984,398 8,470,409
145,654
146,755 1,232.515
1,432,276 1,197,884 10,247,301
275.540
203,905 1,685,824
675,536
434,890 4,135,688
18,280
19,412
167,194
640,150
469,090 4,300,237
1,654,931 1,161,844 10,656,474
-222,655
36,040 -409,173
35,000
35,000
315,000
36
6
5,020
--257,691
1,034 --729,193
-177,8173
32,10 -376,546
589
589
589

Sept. 30- -Month of September- -Jan. 1 to
1921.
1922.
1921.
1922.
$
$
$
$
8.821,979
181,616
199,857 1,947,297
1,375,736
39,068
38,750
341,811
10,677,758
235,500
257,210 2,420,116
1,497,018
36,575
62,534
398,021
3,520,624
35,698
60,251
347,403
6,612
162,281
6,743
59,468
4,776,080
99,265
109.012
990.341
10,357,639
184,839
244,871 1,854,337
320,119
50,661
12,339
565,779
315,000
11,000
10,000
99,000
1,508
190
95
922
3,611
39.471
2,244
465,857
4757773
35,558
-2,657
394,163
589
342
342
342

Carolina Clinchfield & Ohio
-Month of September- -Jan. 1 to Sept. 301921.
1922.
1922.
1921.
$
Freight revenue
522,494
594,638 5,196,731 4,959,908
Passenger revenue.._ _
42,166
43,189
352.001
402,893
Tot.,incl. other rev.
578,914
650,436 5,660.343 5,484,391
Expenses-Maint.way
67,992
71,484
663,536
756,284
Maint. of equipm't_
136,564
129,733 1,205,915 1,340.250
Traffic expenses_ _ _
16,072
21,185
194,970
201,283
Transportation exp_
167,704
157,823 1,432,526 1,589,662
Tot.exp.,inel.oth.
408,904
400,175 3,668,547 4,080,361
Net from railroad.._
1 0,010
50,261 1,991,796 1,404,0M
Taxes
55.000
55,000
385,000
295,000
Uncollectible revenue_
105
65
649
2,160
114,905
Net after taxes, &c_
195,196 1,606,147 1,106,870
P.787807
253,088 2,261,339 -1- 74,778
Net after rents
295
295
Aver. miles of r'd oper.
295
295
EARNINGS.

Central of Georgia
EARNINGS.
Freight revenue
Passenger revenue......
Tot., incl, other rev.
Expenses-Maint.waY
Maint, of equipm't_
Traffic expenses..-Transportation exp_
Tot.exp.,incl.oth.
Net from railroad_ _ -Taxes
Uncollectible revenue_
Net after taxes, &c_
Net after rents
Aver. miles of r'd oper.

-Month of September- -Jan. 1 to
1921.
1922.
1922.
$
$
$
1,438,768 1,242,724 11,285,359
427,181 3.763.227
430,630
2,088,289 1,896,438 16,719,217
314,434 2,209,270
264,304
400,782 3,193,119
400,000
585,181
67,391
59,559
748,272 6,386,790
731,376
1,529,496 1,612,713 13,097,196
283-,125 3,622,021
--558'793
843,709
63,752
113,782
16,443
1.378
379
218,595 2,761,869
444,632
2,943,996
249,21
4783-741,918
1,913
1,920




Sept. 301921.
$
11,036,027
4,236,445
16,810.078
2,823,437
3,685,501
580,372
7,664,583
15,524,697
1,285,381
689,734
12,557
583,090
611,472
1,913

Chesapeake & Ohio

Sept. 30- -Month of September- --Jan. 1 to
1922.
1921.
1921.
1922.
$
$
$
$
937,802
966,552 8,202,237
1,940,634
262,115
272,356 2,273,070
382,981
1,453,838 1,347,675 1,360,979 11,587,330
138,788
153,765 1.239,043
549.466
296,166
310,065 2,519,899
634,427
32,224
29,871
292,912
57,829
530,134
442.893 4,397.523
1.220.069
982.943 8.884,800
2,524,630 1.046.825
300,850
378,036 2,702,530
-70,792
60,813
63,265
90,000
566,821
148
156
993
473
239.889
314.615 2.134.716
--161,265
112,001
222,234 1,196,256
-230,181
654
657
654
342

Lines

Sept. 301921.
$
7,871,463
2,480,135
11,324,841
1,320,524
2.986,936
278,866
4,501,514
9.543.099
1,781,742
548,433
563
1.232,746
497,574
656

Chicago Milwaukee & St Paul

-Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
$
$
$
$
4,519,157 5,605,550 51,516,235 51,322,955
992,952 1,080,450 7,899.945 9,138,590
5,874,732 7,013,606 62,504,957 63,974,313
872,499 1,074,728 7,771,662 9,312,864
2,201,066 1,670,262 15,876.383 15,199,756
72,932
68,415
701,417
586,902
2,352.155 2,368.143 22,383,925 24,518,492
5,695,434 5,339.190 48,385,672 51.298,866
181,298 1,674,476 14,119,285 12,675,447
267,500
229,810 2,407,500 2,068,290
337
946
8.942
10.170
-86.539 1443.720 11,702.843 10.596,987
-74,853 1,386,457 12,064,253 9,265,419
2,550
2,548
2,548
2,545

Incl. Chic. Terre Haute & Southeastern
-Month of September- -Jan. 1 to Sept. 301921.
1922.
1922.
1921.
10,650,438 10,384,717 82.189,764 76,748,661
2,229,761 2.451,237 18.211,941 21,012.653
14,421,141 14,271,444 112545,176 108620,224
1,957,446 1,731,740 15,094,135 14.004,214
2,800.147 2,902,798 25,322,987 25,872,771
177,827
178,272 1,667.738 1,594,050
6,286.120 5,298,774 48,324,183 50,262,345
11.592,955 10,548.622 93.858.687 95.941,454
2,828,186 3,722,822 18,686,489 12,678,770
831,834
747,449 7,287,726 6,659,769
18,464
5.677
120,669
68,930
1,977,888 2.969,696 11.329,833 5.898,332
1,564,107 2,381,828 7,981,071 2,570,746
11,030
10,995
11,030
10,742

Chicago & Alton

Chicago Peoria & St Louis

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1922.
1921.
1922.
1922.
1921.
1921.
1922.
$
$
$
$
1,102,266 2,086,591 13,443,004 16,480,199
103,560
164,863 1,299,605
498,841
602,040 4,540,447 5,268.693
15,494
23,221
165.897
1,811,615 2,881,466 19,697,110 23,070,474
130,169
199,452 1,569,610
319,102
436,362 2,661,392 3,293,159
21,239
28,904
255,547
597,740
691,119 5,466,676 6,267,463
21,575
40,939
306,420
53,592
57,939
501,088
4,362
470,626
4,989
39.679
988,537 1.013,594 8.247,076 9,392,827
78,934
101,444
930,393
2,022,691 2,246,658 17,480.010 20.041.190
137,072
187,317 1,627,040
-211,076
634,808 2,217,100 3,029,284
--6,903
12,135 -57,430
76,000
86,411
677,165
10,900
11,281
86,991
748,502
39
269
2,101
108
4,814
-287,135
548,128 1,537,834 2,275,968 -17.803
854 -144,529
-360,458
412,189
476,112 1.021,666 -38.046 --15,731 --361.275
1,050
1,050
1,050
246
1,050
247
246

Sept. 301921.
1,216,597
228.310
1,530,505
269,432
457,760
41,790
931.328
1.806,158
--275,653
90,162
46
-365,861
--428,075
247

6

[VOL. 115.

RAILWAY EARNINGS
Chicago River & Indiana

Colorado & Southern (Concluded)

Detroit & Mackinac

-Month of September- -Jan. 1 to Sept. 30Trinity & Brazos Valley
Includes Chicago Junction
1921.
1922.
1922.
1921.
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30EARNINGS.
$
$
$
1921.
$
1922.
1921.
1921.
1922.
1922.
1922.
1921.
143,472
1,014,864
1,092,207
146,276
1,969,138
Freight revenue
1,847,136
298,949
195,168
269,601
35,514
310,502
31,785
171,873
23,295
189,198
23,264
Passenger revenue.._ _
192,224 1,390,338 1,492,822
192.398
Tot.,incl. other rev.
2,458,331
333,812 2,114,817 2,210,682
540,474
224,239
224,708
30,836
236,146
17,258
455,984
264,052
497.382
58,452
62,586
33,653
Expenses-Maint.way
409,254
456,056
50,020
47,799
431,074
of
262,506
402,276
49.012
70,462
Maint. equipm't_
22,779
20,489
2,169
22,125
1,524
28,807
26,328
3,031
723
Traffic expenses,
3,085
2,933
62i,240
524,955
66,528
58,255
902,084
961,510
765,741
120,023
73.294
215.387
Transportation exp..
155,871 1,276 868 1,353,671
133,277
1,531,698
240,014 1,807,747 1,905.463
360,333
145,632
Tot.exp.,incl.oth
139,151
113,470
36,353
59,121
926,633
Net from railroad_ _ _ _
305,219
307.070
93,798
180,141
78,607
105,044
92,350
11,000
10,408
185,982
63,452
37,902
7,000
63,000
Taxes
7,212
50
416
1,040
220
72
Uncollectible revenue..
34,057
20,704
25,353
48,713
240,727
740,651
142,239
243,850
86,586
Net after taxes, &c..
71,535
22,637
42,331
6,522
47,513
52,178
1,096,893
227,498
Net after rents
47,856 -104,320
53,243
385
379
385
385
368
38
Aver. miles of r'd oper.
38
368
368
368
Detroit & Toledo Shore Line
Wichita Valley
Chicago Rock Island & Gulf
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1921.
1922.
1922.
1922.
1921.
1921.
1921.
1922.
1922.
1921.
1922.
EARNINGS.
$
$
$
$
3
$
$ •
$
$
$
$
$
264,560 2,566,290 1,987,704
289,874
867,295
573,793 3,251,503 4,564,409
407,011
616,906
86,553
Freight revenue
88,446
94,404
82,281
260,245
700,083
939,451
199,674
33,995
25,524
Passenger revenue__ _
268,235 2,590,833 2,021,335
293,483
720,105 4,307,758 5,864,228
524,574
Tot.,incl. other rev.
882,182 1,190,687
121,542
133,430
252,209
27,181
270,808
32,503
107,380
91,390
236,305
643,307
848,953
Expenses-Maint.way
180,272
19,909
25,388
287,762
18,861
28,154
194,918
70,627
77,470
110,867
660,624
731,013
Maint. of equipm't_
75,440
10,691
14,839
23,516
20,448
2,213
2,205
296
12,709
12,717
120,455
119,828
398
Traffic expenses.. _ _
44
Cr101
95.162
569,727
725,697
63,832
259,595 1,923,786 2,567,453
466,028
218.230
377,372
Transportation exp_
47,623
48.271
1,206,220
165,503
1,258,194
119.995
.
472,098 3,477,945 4,419,989
827,824
405,970
Tot.exp.,incl.oth
642.850
83,603
85,776
815,115
127,980
148,240 1,332,639
248,007
362,863
118,604
829,813 1,444,239
47,654
37,939
Net from railroad.._ _ _
239,332
118,000
27,000
139,000
14,000
55.702
11,000
12,896
109,800
106,841
Taxes
8,742
56,680
5,256
13
59
281
99
1.252
3
591
121
4,460
Uncollectibie revenue_
-697,115
100,993
134,240 1,193.580
306,880
236,416
Net after taxes, &c_
105,587
29,197
721,720 1,329,979
182,553
42,395
364,265
633,666
89,979
25,653
212,102
213,829
96,102
9,365
558,586 1,064,749
Net after rents
29,822
78,678
61
61
61
61
255
461.
461
461
461
255
256
256
Aver. miles of r'd oper.

Chicago Rock Island & Pacific Cumberland Valley & Martinsburg
EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot.,incl. other rev.
Epenses-Maant.way
Maint. of equipm't_
Traffic expenses.. _ _
Transportation exp..
Tot.exp.,Incl.oth
Net from railroad_ _ _ _
Taxes
Uncollectible revenue..
Nat after taxes, &c_
Net after rents
Aver. miles of r'd oper.

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1922.
1921.
1922.
1922.
1921.
1921.
$
$
$
i
i
$
$
$
982,300
74,892
7,387,249 9,090,389 60,951,926 70,218,850
590,554
80,000
59,158
6,002
2,447.150 2,576,422 20,009,864 22,713,432
6,100
52,958
83,916
673,596 1,064,745
90,239
10,689,360 12,418,806 87,592,818 99,237,268
104.373
14,718
11,438
92,476
1,228,771 2,021,883 10.992,477 13,950,964
182,961
17,308
2,267,483 2,405,106 18,268,979 21,685,498
149.667
18,658
6,344
852
8.016
695
179.151 1,599,426 1,581.424
173,225
336.528
34,632
285.026
35,654
4,445,692 4.433,530 37,179.131 41,176,319
649,517
69,606.
8,409,465 9,329,748 70 538,014 81,084,364
557,632
68.561
415,228
14,310
2,279,895 3,089,058 17,054,804 18,152,904
21.67A
115,964
50,896
5,808
7,353
504,361 4,814,610 4,140,275
540,932
40,198
4
9
693
1,768
12,002
8,135
364,328
8,502
1,737,195 2,584,004 12.228,192 14,004,494
14,325
75,757
317,682
4,187
1,448,740 2,287,183 9,664,466 10,978,090
9,035
35,960
7,661
33
33
7,661
33
33
7,661
7,661

Chicago St Paul Minn & Omaha
EARNINGS.
Freight revenue
Passenger revenue_
Tot.,incl. other rev.
Expenses--Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transpoi tation exp..
Tot.exp.,incl.oth.
Net from railroad...._ _
Taxes
Uncollectible revenue..
Net after taxes, &c..
Net after rents
Aver. miles of r'd oper.

-Month of September- -Jan. 1 to
1921.
1922.
1922.
i
$
$
1,788,123 1,903,327 14,497,221
604,793 4,597,102
518.952
2,497,933 2,687,154 20,608,862
354,103 2,662,148
365,191
451,415 3,576,867
471,758
31,617
33,750
300,610
1.063.278 1,008,214 9.297,771
2.012,291 1,925,451 16.566,046
485.642
761,703 4,042,816
138,580
146,318 1,186,283
1,206
1,736
14,144
614,179 2,842,389
545,326
594,334 2,551,374
333,103
1,749
1,749
1,749

Sept. 30-1921.
$
14,084,934
5,361,374
20,817,151
2,613,082
4,395,191
309,798
10,289,928
18,425.307
2,391,644
1,232.675
13,527
1,145,642
837,986
1,749

Delaware & Hudson

.

Freight revenue
Passenger revenue.. _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses.... _
Transportation exp..
Tot.exp..inchoth.
Net from railroad_ _
Taxes
Uncollectible revenue..
Net after taxes, &c_
Net after rents
Aver. miles ofr'd oper.

-Month of September- -Jan. 1 to
1922.
1922.
1921.
i
$
$
246,534 2,480,212
283,598
58,417
41,871
417,672
339,209 3,078,002
348,541
403,449
79,687
50,909
657,077
107,110
75,117
99,706
11,040
10,355
142.413 1,349.143
140,868
380,512 2,704,043
296,475
373,959
52,066 -41,303
141,569
9,431
19,589
41
232,390
32,477 -50,775
36,711
8,277 -.69,836
347
321
347

Freight revenue
Passenger revenue...._
Tot.,incl. other rev.
Expenses-M aint.way
Maint. of equipm't_
Traffic expenses_
Transportation exp..
Tot.exp.,incl.oth.
Net from railroad_ _ _ _
Taxes
Uncollectible revenue..
Net after taxes, &c_
Net after rents
Aver. miles ofI'd oper.
EARNINGS.
Freight revenue
Passenger revenue...._
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses. _ _
Transportation exp..
Tot.exp..1hcl.otb
Net from railroad_ _ _ _
Taxes
Uncollectible revenue_
Net after taxes, &e_
Net after rents
Aver. miles of r'd oper.

Sept. 301921.
$
3,768,150
211,054
4,367,213
850,383
889,851
10,935
1,550,172
3,485,463
881,750
275,969
184
605,597
604,001
276

Duluth Missabe & Northern

Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1922.
1922.
1921.
1921.
1921.
1921.
1922.
$
$
$
i
$
$
Ai
.
$
$
2,008,028! 4,403,345 5,427,270 36,537,496 47,898,820 1,954,223 1.805,789 10,704,451 9,372,999
470,405
35,840
527,713 1,371,009 1,413,162 10,530,749 11,126,124
44,811
341,830
2,690,2611 6,564,549 7,508,417 53,770,523 64,882,823 2.160,036 2,018,029 11,912,194 10,772,709
198,095
907,300 6,263,372 7,640,162
711,462
577,116
145,332 1,499,381 1,674,457
211,929
867,505 2,002,800 1,337,108 12,454,417 14,689,964
117,014 1,305,039 1,560,608
954,026
29,849
28,668
2,948
93,480 1,025,193
105,204
5,847
113,778
406,626
309.921 2,555.646 2,434.078
1,364,519 3,055,744 2,658,784 23,895,259 26,725,595
600.291 5,582.198 5.922.575
840,355
3,140,862 6,090,514 5,214,225 45,531,748 52,073,381
474,035 2,294,192 8,238,775 12,809,442 1.319,681 1,417,738 6,329,996 4,850,134
-450,601
133,097
170,168 1,147,721 1,010,237
380,781 3,688,455 3,424,412
130,188
376,495
4
21
1
11,093
4,819
286
50
60
97,490 1,913,125 4,545,501 9,373,937 1,186,580 1.247,570 .5,182.254 3,839,896
-580,849
129,339 1,930,927 5,058,501 9,825,096 1,179,036 1,243,773 5,153,612' 3,809,623
---662,346
306
306
307
305
994
994
994
994
321

Colorado & Southern System

EARNINGS.

Sept. 301921.
$
4,554,104
127,476
4,781,210
996,409
821,812
65,205
1,723,307
3,777,914
1,003,296
108,485
1,729
893,082
352,447
454

Duluth & Iron Range

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1922.
1921.
1922.
1922.
1921.
1922.
1921.
$
$
$
i
$
$
$
594,172 5,018,167
732,919
2,241,738 3,173.614 20,964,792 29,579,637
145,270
13,592
474,423
17,394
464,385 2,966,803 3,198,930
666,441 5,584,337
811,117
2,971,904 3,834,601 26,459,641 34,354,575
870,610
88,731
351.973
121,665
458,594 4,065,635 3,808,952
884,651
1,165,990 1,270,149 7,655,503 9,361,609
66,395
130,470
11,356
52,694
989
1,809
42,357
399,375
370,538
161,405 1,517,283
1,283,651 1,298,688 11.126,901 13,465,182
211.825
3,031.411 3,233,942 24,996,294 28,619.464
334,268 3,445,429
487,270
600,659 1,463,347 5,735,111
-59,507
323,847
332,173 2,138,908
393,499
69,500
85,690
59,684
771,210
41,116
715,500
. 8.329
11,074
7
367
19
15,861
264,156
-145,197
510,085
291,038 1.745,042
683,808 5,003,750
267,406
-162,569
612,356
290,732 1,767,246
626,001 5,570,388
880
887
278
276
887
281
880

Cincinnati Indianapolis & West Delaware Lackawanna & Western
EARNINGS.

Detroit Toledo & Ironton
-Month of September- -Jan. 1 to
1921.
1922.
1922.
$
$
$
594,273 6,493.788
640,085
93,479
13.172
11,840
621,247 6,687,749
666,139
161,425 1,283,395
262,919
142,891 1,657,713
271,580
52,874
8,089
7.101
237,336 2.385,446
322,607
572,278 5,557,756
887,196
48,969 1,129,993
-221,057
113,690
17,190
12,923
2
2
31,779 1,016,301
--233,982
5,650
-383,097 -91,761
454
454
454

Denver & Rio Grande

Duluth South Shore & Atlantic

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30Colorado & Southern
1921.
1922.
1922.
1921.
1921.
1922.
1921.
1922.
-Month of Septe, her- -Jan. 1 to Sept. 30$
$
$
$
$
$
$
$
1921.
1922.
1921.
1922.
250,197
252,569 2,117,964 2,212,564
822,503 7,349,657 7,090,338 2,515,575 2,716,945 17,623,136 17,205,668
907,985
100,437
97,286
790,070
611,029 4,317,300 4,716,263
904,685
551,567
248,565 1,556,745 1,886,438
208.345
398,516
396,078 3,237,120 3,442,242
1,198,658 1,159,924 9,618,461 9,636.559 3,328,741 3,540,473 23,820,965 23,633,577
65,122
88,389
798,306 3,619,667 4,663,538
573,538
686,466
548,596
163,012 1,405,740 1,430,063
208,614
25,459
50,418
488,278
677,957 4,620,043 5,871,724
769,505
713,430
175,714 2,015,516 2,197,650
281,588
6,424
6,297
370,115
59,175
43,034
408,332
62,085
46,105
12,136
108.266
123,944
16,769
187,762
162,185 1,658.380 1,849.769
413.583 3,540,384 3,484,387, 1,148.154 1,126.379 7,910,660 8,255,072
446,790
301,561
323,654
2,795,928
3,540,947
17,747,636
2,928,801
20,401,593
814,654 7,553,406 7,752,968 2,585,652
1,005,510
96,955
744,545 6,073,329 3,231.984
308,319 -98,705
72,424
743,089
345,270 2,064,965 1,883,591
193,148
285,000
27,000
264,688
33,000
150.000 1,434.175 1,334,346
646,250
167,000
597,922
57,839
68,460
2
272
433
249
7.264
157
4.198
592
114
290
3,273
23.047 -363.826
594,388 4.631.890 1,893,440
45.424
575,840
63,953
287,317 1,463,770 1,236,749
124,398
594,784 4,904,954 2,316,651
35,060 -15,023 -467,017
559,055
57,725
300,981 1,160,457 1,293,818
73,219
591
591
591
2,593
591
2,593
2,593
1.099
1.099
1,099
2,591
1.099
Fort Worth & Denver City
Denver & Salt Lake
Duluth Winnipeg & Pacific
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
1921.
1921.
1921.
1922.
1922.
1922.
1922.
1921.
$
$
$
$
$
$
$
$
$
$
$
$
129,239 1,242.332 1,467,060
274,552
141,428
136,338
694.875 4,777,370 5,881,102
713,851 1,679,111
593,524
182,149
27,024
36,380
24,289
22,535
274,894
259,289 1,688,039 2,041,847
156,746
216.527
303.317
159,789 1,471,710 1,798,015
327,526
179,737
162,576
945,214 2,092,425
865,463 1,036,439 6,895,510 8,355,767
82,165
271,555
32,767
88,774
816,342
66,215
581,022
344,225
384,000
137,738
517,920
82,790
375,320
37,273
44,058
59.759
63,248
397,153
181,654 1,318.661 1,567,519
265,191
609,898
233,922
4,328
3,360
38,395
1,247
1,508
104,350
50,430
104,373
8,944
10,250
11,159
9,449
79,612
71,532
657,623
59.230
120,364
905,556
336,148
269.446 2,225,873 2,685,022
894,908
274.412
211,543
157,620
1,391,974
192,438
279,791
1,790,419
5,555,304
4,593.847
2,094.560
1.048,163
638,416
641,958
4,956 -51,754
79,736
47,735 -102,949
7,596
--2,135
398,023 2,301,663 2,800.463 -12,701
223,505
9,327
9,742
80,868
9,000
9,000
94,470
293,041
73,000
380,074
81,000
40,382
50,946
1
23
66
2.156
121
30
643
234
23
--4,786 --61.082
--1.155 --86,940
38,735 -183.979 --75,256
357,407 1,920,946 2,505.266 --21,701
172,536
-9 083 --65,041 --27,650 --105,312
31,478 --162,789 --69,838
351,573 1,842,289 2,515,116 -18,049
150,457
178
178
178
255
255
255
178
255
4541
456
454
456




Nov., 1922.]

RAILWAY EARNINGS
East St Louis Connecting

Fort Smith 86 Western

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1921.
1921.
1922.
1922.
1921.
1922.
1922.
$
$
$
883,895
106,436
119,706
Freight revenue
208.223
26,238
27,585
Passenger revenue_ _ _
130,163 1,505,446 1,192,307
140,736 1.174,984
156,980
153,704
Tot., incl.other rev.
178,219
14,657
119,551
232,832
13,793
31,031
28,466
Expenses-Maint.way
60,802
6,721
7,840
66,991
214,213
30,217
22,968
Maint.of equipm't_
330
3,156
2,756
4,678
268
43,036
4,821
Traffic expenses_ _ _
55,528
566,144
509,247
55,901
50,699
414.617
49.125
Transportation exp..
839,436
80,258
80,016
721,914
124.506
112.651
973,851
Tot.exp.,incl.oth.
49,905
73,688
352,871
783,532
16,230
201,133
44,329
Net from railroad_
2,654
8,071
96,728
52,200
5,000
5,800
25,898
Taxes
53
6
12
1.520
626
Uncollectible revenue_
65.617
686,751
47,245
326,961
37,903
147,413
11,230
Net after taxes, &c_
38,216
57,738
226,459
609,387
71,440
3,923
28,018
Net after rents
1
3
3
1
249
249
253
Aver. miles of r'd oper.EARNINGS.

Elgin Joliet & Eastern
-Month of September- -Jan. 1 to
1922.
1922.
1921.
$
$
$
1,541,908 1,292,719 13,402,303
Freight revenue
10
5
40
Passenger revenue.. _ _
1.707.341 1.427,322 15.044,516
Tot.,Incl. other rev
193,998
Expenses-Maint.way
250,085 1.328,535
237,806 2,690,048
295,114
Maint. of equipm't_
• 11,253
_
11,167
109,520
Traffic
573,205
487,337 4.865,305
expenses..Transportation
exp
Tot.exp.,incl.oth. 1,107,394 1,017.544 9.297,090
409,778 5,747,426
599,947
Net from railroad_ _ _ _
88,334
788,161
134,187
Taxes
Uncollectible revenue_
14
511,613
275,577 4,959.265
Net after taxes, &c_
__
169,194 3,880,168
398,326
Net after
ofr'd oper.
459
459
456
Aver. milesrents__EARNING S.

Freight revenue
Passenger revenue_ _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp..
Tot.exp.,incl.oth
Net from railroad..__ _
Taxes
Uncollectible revenue_
Net after taxes, &c_
Net after rents_ _
Aver. miles ofr'd oper.

-Month of September- -Jan. 1 to
1922.
1922.
1921.
$
$
$
528,510 6,393,046
757,783
164,620 1,431,872
151,809
745,820 8,348,969
964,070
158,420
159,720 1,384,295
134,087 1,295,915
141.883
251,337
25,411
26,241
194.610 2,176.431
234.581
557,331 5,622.703
634,824
188,489 2,726,266
329,246
838,956
88,338
70,988
842
156
17
99,995 1.886,468
258.241
106,615 1,671,730
279,230
1,139
1,139
1,027

Erie System

Grand Trunk Western

Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1922.
1921.
1921.
$
$
II
$
$
946,039 1,172,617 1,044,685 9,963,661 8.694,07
206.769 1.447,307 1.763,366
190,916
234.469
1,293,968 1,444,764 1,309.454 12,105,415 10,984,653
192,472 1,198,535 1,730,218
171,617
327,634
347,184 2,620.449 2,356,358
347,904
313,484
312,717
247,859
31.037
24,130
45,513
494,424 4,847,374 5.048,95%
526.326
545,638
1,315,535 1,126,542 1,225.553 9,419,006 10,060,010
83,901 2,686,409 =
318,222
• 1
-21,567
481,7 3.
615,473
55.484
77,207
48,000
ár72
6
888
76
7F3
28.411 2,071,008
240,939
442,002
-70,330
475,562 --853,297
141,887 -97,257
-120,288
347
347
347
347
253

Great Northern

Galveston Wharf

Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1922.
1921.
1921.
1922.
1922.
1921.
1921.
$
$
$
$
$
13,228,435
8,789,972 8,514,354 54,258,092 50.469,387
102
1,402,606 1,523.993 11.133.461 12.704,913
14,556,862
142,157
214,009 1,071,982 2,083,622 11,180,139 11,025,234 72,810,074 70,678,141
1,843,043
32,499
440,343
69,982
391,270 1,208,872 1,297.299 9,989,573 11,060,780
3,450,090
33,312
2,875
4,238
40,769 2,682,781 1,871,241 14,307,141 15,563,809
111,032
121,453 1,236,383 1.232.818
6,933
613
127,063
705
6,887
4,983.334
31,934
250.224
50,529
394,996 4.287,015 3,481,556 29,508,053 29.560.880
10,740,679
93,756
919,198 1,115,296 8.513,250 7,065,846 57,353,743 60,019,251
159,348
3,816,183
48,401
152,784
54,661
968,426 2.666,880'
--379-8-5,3-81 '15,456,331 10.658,890
712,751
813,272 5,994,012 6,704,167
15,800
149,400
17,000
153,000
842,260
350
2,332
12,938
3.821
4,746
18,474
31
846
99
3,103.082
815.327 1,823,783 3,142,295 9,449,381 3,936,249
-1.362
37,630
30,269
2,009,865
74
30,731
38,076
81E3,868 1,836,120 3,218,755 10,084,242 4,212,63g
456
13
8,162
13
13
13
8,262
8,255
8.163

El Paso & Southwestern
EARNINGS.

7

Georgia

Sept. 30- -Month of September- -Jan. .1 to
1921.
1922.
1922.
1921.
II
$
$
$
6,179,505
327,876 2,515,605
313,266
1,790.228
107,982
110,451
889.338
8,455,792
477,009 3,684.841
456,034
1,501,214
365,991
48,275
41,471
1,751,560
644,552
83.909
91,457
251,879
177,590
20,464
21,284
2,600,725
207.887 1,789,907
218,559
6,613.396
378,159 3,152.692
391,436
1,842,396
64,598
532,149
98,850
826,466
7,020
63,180
5,950
740
42
88
5,214
1.015 190
92.858
57,490
463.755
789,729
89,296
56,437
476,802
1,027
328
328
328

Green Ilsa, & Western
Sept. 30- -Month of September- -Jan. 1 to Sept. 30-1922.
1921.
1921.
1922.
1921.
$
$
$
$
$
2,676,453
93,270
84,044
792,715
802,050
1,011,964
14,537
12,310
143,170
160.489
119,829 1,011.256 1,039,192
105,350
3,953,583
20,450
427,261
28,811
193,033
187.645.
16.746
24,460
933,267
145,002
235,878
180,226
1,652
2,447
21,635
15,859'
2.136,435
42.577
38,413
387,098
388,167
3,865.085
95,836
84,554
770,233
854,777.
20,796
88,498
23,991
241,023
53,599
8,000
7,800
72,000
66,428,
266
311
311
12,485
34.633
16,193
168,712
117,987'
72,187
11,672
9,268
130,923
97,04L
252
262
328
262
252

Georgia & Florida

Gulf & Ship Island

Erie
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30-Month of September-.-Jan. 1 to Sept. 301922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
1922.
1922.
1921.
1921.
$
$
S.
$
$
$
$
$
Freight revenue.. _ _ _ 5,543,722 7,382,663 50,434,737 60,770,478
89,006
93,821
799,285
211,132
807,553
204,485 1,727,924 1,576,276
Passenger revenue...._ 1.137,781 1,243,698 10,051,433 10,989,114
16.312
18.637
116.057
157.980
40,409
41,928
351,132
403.995
Tot.,incl. other rev. 7,380,297 9,294,170 66,083,455 76,754,664
112,410
123,640
982,857 1,048,834
267,416
263,395 2.216,245 2,125,278
Expenses-Nlaint.way 1,206,370 1,393,717 8,065,034 9,269,479
15,420
23,688
150,600
248,332
48.016
41,108
393,890
388,764
Maint. of equipm't_ 3,118,756 2,514,685 21,539,079 22,534,829
16,019
19,961
152,134
41,710
176,786
47,506
334,963
410,289
Traffic expenses.... _
130,479
136,538 1,210,067 1,173,301
7,492
9.458
73,007
70,166
7,102
9,153
68,685
58,561
Transportation exp.. 3,971,411 3.581,124 30.987.274 34,632,557
40.711
50.938
391.836
529.546
80,799
86,100
675,781
800,100
Tot.exp.,incl.oth. 8,761,508 7.964,926 64,742.392 70,755,013
85,722
111.379
826,584 1,098,771
189,615
185,401 1.580,445 1,781,981
Net from railroad_ _ _ _ -1,381,211 1,329,244 1,341,063 5.999,651
26,688
12,261
156,273 -49,937
77,801
77,994
635,800
343.20
290,174
Taxes
299,174 2,460,655 2,635,164
6,200
7,671
56,020
17,874
70,446
26,025
160,834
182,324
Uncollectible ravenue_
5.059
4,734
30,349
24.824
75
1
791
498
30
78
824
298
Net after taxes, &c_ -1,676,119 1,025,011 -1,149,941 3,339,663
4.589
20,413
90.462 -120.881
59,897
51,891
474,142
160,675
-1,496,974 1,074,294
Net after rents
100,866 4,010,890
16,437'
-2,092
38,133
-188,177
59,187
43,008
433,275
155,975
Aver. miles ofr'd oper.
2,093
1,989
2,039
1,989
405
405
405
30-7
405
307
307
307
Chicago & Erie
Grand Trunk System
Gulf
Mobile
&
Northern
-Month of September- -Jan. 1 to Sept. 30Atlantic & St. Lawrence RE.
-Month of September- -Jan. 1 to Sept. 30EARNINGS.
1922.
1921.
1922.
1921.
-Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
$
$
$
1922.
$
1921.
1922.
$
1921.
$
$
$
Freight revenue
770,804
832,895 7,002,533 6,826,949
143.249
127,073 1,497.163 1,539,265
312,760
270,078
2,831,232
2,499,882
Passenger revenue__ _
71,172
72.511
538,008
653,053
54,421
56.956
353,576
30.852
402,370
36,046
303,618
377,184
Tot., incl. other rev.
897,748
946,938 8,118,388 7,978,141
219,906
201,157 2,017,544 2,108,044
358,775
324,761 3,270.387 3,018,178
Expenses-Maint.way
153,251
150,789
983,894 1,078,751
85,093
147,574
524,547
51,223
675,276
51,087
488,510
532,991
Maint. of equipm't_
218,364
167,097 1,414.712 1,371,783
30,776
46,961
289,238
74,355
384,132
62,384
547,980
636,252
_
Traffic expenses....
17,110
20,531
556
174,015
4,310
175,378
43.201
14,155
30,314
14,295
125,179
114,159
Transportation exp..
414,295
480,450 3,595,414 4,524.065
97,452
117,324 1,081,984 1,241,765
114,371
126,603 1,123.637 1.389,871
Tot.exp.,incl.oth.
833,030
857,382 6,472,707 7,525,768
227,188
352,300 2,063,411 2,506,336
268,722
268,061 2,414,484 2,809,470
Net from railroad__ -64.718
89,556 1,645,681
452,373
-7,20 --151,143 -15,867 --398.292
56,700
90,053
855,963
208,70g.
Taxes
55,000
43,750
483,204
393,800
16,900
17,722
37,140
155,264
22,574
166,642
189,037
171,907
Uncollectible revenue..
3
2
190
29
53
19
5
32
1.383
140
Net after taxes, &cc_
9,715
45,804 1,162,287
58,544 --24.182 --168,865 --201,184 --564,966
34,107
52.908
665,483
36.661
Net after rents_ _ _ - -293,935 -258,169 -1,358,154 -2,073,500 -73,629 -202,252
-753,854-1,116,036
546.809 -35,91i
27,276
46,427
Aver. miles ofr'd oper.
269
269
269
269
166
166
166
436
436
436
166
459
New Jersey & New York
Chicago Detroit & Canada Gr. Trunk Jct.
Hocking
Valley
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
Sept. 30EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1921.
1922.
1922.
1921.
$
S
$
$
$
$
$
$
$
$
$
$
Freight revenue
16,150
20,295
165,677
170,018
116,244
162,822 1,410,208 1,220,646 1,144,970 1,053,715 8,048,789 8,794,975
Passenger revenue.. _ _
105,498
104,889
908,569
919,964
6,786
13.311
78,010
129,567
100.800
977,960
779.624
111,672
Tot., incl. other rev.
126,906
130,311 1,118,687 1,121,920
135,286
182.563 1,628,844 1,438,259 1,354,872 1,252,580 9,670,895 10.424.138
Expenses--Maint.way
18,514
23,748
141,241
149,089
22,283
33,743
125,092
143,808
990,225 1,379,423
123,598
134,466
Maint. of equipm't_
30,388
16,385
186,523
168,572
15,268
29,735
112,365
183,266
214,986 2,416.767 3,668,719
499,126
Traffic expenses.... _
1,235
1,167
11,935
14,698
3,280
2,764
31,510
24,216
98.775
103,900
11.234
10,770
Transportation exp..
74,340
67,185
628,746
612,569
71,008
78,801
594,519
619,246
402,651 3,331,029 3,728.626
467,681
Tot.exp.,incl.oth.
128,670
112 502
999.119
970.227
115,174
149,909
895,327 1,014,849 1,141,502
7,108,947 9,194,215
785,625
Net from railroad..
-1,764
119,568
151,693
32,654
20,112
733,517
423,410
21377tl
466,955 2,561,948 1.229,92S
Taxes
3,000
2,917
26,971
26,251
6,377
13,302
50,268
89,390
802,370
85,213
77,867
750.050
Uncollectible revenue_
2
251
125
2
148
54
705
1,269
3
Cr145
Net after taxes, &c..
--4,764
14,890
92,346
125,317
26,277
643,979
6,801
373,088
127,452
389,085 1,758.309
480.018
Net after rents
-31,909
,
6,474 --140,449 -115,047
6,206
-2,084
482,919
198,181
147,257
296,942 1,859,329
313,952
Aver. miles of r'd open
45
47
45
59
47
59
59
59
348
348
350
350
Florida East Coast
Detroit Grand Haven & Milwaukee
Central
Illinois
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of
September- -Jan. 1 to Sept. 301922.
EARNINGS.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
$
$
$
$
$
$
$
$
$
$
$
$
Freight revenue_ _...-419,973 6,044,246 5,898,464
482,135
353,153
298,320
3,243,144
2,569,202
11,674,270
85.066,454
9,195,498
79.033,334
Passenger revenue......
196,348 2,948,600 3,221,114
177.912
334,041
39,384
17,687
406.581 2,118,524 2,004,239 17.610,585 18.894,531
Tot.,incl. other rev.
717,730
758,584
10,213,238 10,446,173
408,070
359,384 3,851.187 3,172,050 14,710,349 12,121,232 110428,008 104949.272
Expenses--Maint.way
311,368 1,641,925 2,217,026
210,870
100,228
65,332
425,518
496,422 2,066,057 2,215,361 14,347,951 16,220,664
Maint. of equipm't_
181,638 1,767,612 2,000,902
240,461
59.599
95.276
423.354
587,406 3,595.201 3,311,025 25,355,262 24,839,757
Traffic xpenses_ _ 10,258
119,448
13,667
119,806
10,114
7,799
77,411
92.312
180,299
147,520 1,669,075 1.395.263
Transportation exp_
305,179 3,166.161 3,915,450
288,447
201,099 1,890,924 1,855.110 5,175.157 3,992,481 40,348,099 40.476,872
222,718
Tot.exp.,incl.oth.
832,510 7,037,463 8.591,508
793,536
371,338
424,589 2,965,215 3,178,060 11.292,937 10,040,867 84,841,304 86,299.242
Net from railroad....-- -34,952 --114,780 3,175,775 1,854,665
36,732 -65,205
885,9Ti ,
6,010 3,417,412 2,080,365 25,586,704 18,630.036
Taxes
103,568
574,346
74,440
596,594
3,693
43,520
50,123
6,234
957,381
710,412 8,356.218 6,045,406
Uncollectible revenue _
4,725
196
1,073
564
35
157
7,648
362
973
11,866
5,787
Net after taxes, &c_ --110,465 -218.544 2.596,704 1,257,507
- 33,004 -71,439
835,692 -.57,178 2,459,669 1,368,980 17,218.620 12,598,837
Net after rents
--135,245 -.260,918 2,176,401
892.190 -16,573' -130,751' 261.639 -541.673 2,480,288 1,490,926 17,623,366
Aver. miles ofr'd oper.
13,685,148
764
764
764
764
189
189
189
189
4,784
4,799
4,784
4.7,99
EARNINGS.




RAILWAY EARNINGS

8

EARNINGS.
Freight revenue
Passenger revenue__ _
Tot., incl. other rev.
.nses--Maint.way
Ete
aint. of equipra't_
affic expenses_ _
ansportatIon eariTot.exp.,incl.oth.
;
N t from railroad.._ _ _
xes
ncollectible revenue_
Net after taxes, &c_
Net after rents_. _ _
er.
Aver. miles ofr'd °P-

EARNINGS.
Freight revenue
Passenger revenue.._ _
Tot.,incl. other rev.
ses-Maint.way
E
Maint. of equipm't_
_
Traffic
exp..
expenses_Transportation
Tot.exp..incl.0th.
Net from railroad_ _ _ _
Taxes
Uncollectible revenue_
Net after taxes, &c..
Net after rents
Aver. miles of r'd oper.

Lake Superior & Ishpeming

International Ry Co of Me.

Lake Terminal

EARNINGS.

-15,340
-19,559
233

-28,141
-33,948
233

Freight revenue
Passenger revenue.._ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp..
Tot.exp.,incl.ol h.
Net from rallroad.._- _
Taxes
Uncollectible revenue..
Net after taxes, &c_
Net after rents
Aver. miles ofr'd oper.

-Month of September- -Jan. 1 to
1922.
1921.
1922.
$
$
$
917,636
160,008
92,921
96,823
17,670
12,546
187,084 1,080,449
112,652
218,959
39,606
21,092
272,525
50,343
16,155
42,394
4,978
5,210
644.929
90,161
58.801
191,589 1,238,908
109,553
-4,505 -158,959
3,099
53,987
6,150
6,000
819
480
-213,265
-3,381 -10,655
-20,044 -30,375 -343,368
465
465
465

Sept. 301921.

$

1,380,467
762,079
1,613,767
382,377
481,711
48,930
964.135
1,937,119
-323,352
55,350
25
-378.727
-538,696
465

Kansas City Southern System

EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp..
Tot.exp.,incl.oth.
Net from railroad_ Taxes
Uncollectible revenut _
Net after taxes, Ste_
Net after rents
Aver. miles ofr'd oper.

EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot.,Incl. other rev.
Expenses-Maint.way
Maint. of equIpm't_
Traffic expenses_
Transportation exp_
Tot.exp.,Incl.oth.
Net from railroad_ _ - _
Taxes
Uncollectible revenue_
Net after taxes, &c..
Net after rents
Aver. miles ofr'd oper.

EARNINGS.
Freight revenue
Passenger revenue...._
Tot.. incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses.. _ _
Transportation exp..
Tot.exp.,Incl.oth.
Net from railroad...._ _
Taxes
Uncollectible revenue_
Net after taxes, dm_
Net after rents
Aver. miles of r'd oper.

Lehigh & Hudson River

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1921.
1922.
1922.
1921.
1922.
1921.
1922.
$
$
$
170,707
238,806 1,561,613
839,858 1,185,813
136,518
99,404
4,795
4,071
35,358
126,186
93,200
14.476
9,117
185,703 i252,466 1,689,635
163,523 1,007,013 1,389,128
116,186
241,044
23,680
36,431
289,041
228,654
26,614
28,171
34,794
310,407
39,719
414,427
211,148
51.103
15,802
1,410
13,215
1,492
50,259
41,954
4,838
4,603
773,327
104,584
104,697
676,550
539,031
65,306
54,541
1.407.529
172.796
190.597
160,622 1,077,422 1,546,961
108,621
12,907 • 61,869
282,106
2,901 -70,409 -157,833
7,565
121,222
12,151
12,178
72,362
73,022
8,040
8,320
30
26
729
160,884
49,718
--5.139 --143.457 --230,225
--755
27,234
11,912
-5,361 -149,469 -205,245 -10,401
-3,749
96
96
96
272
272
272
272

Kans City Mex & Or Ry of Texas

EARNINGS.

Louisiana Railway & Nay Co

of September- -Jan. 1 to
Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
$
$
2,090,820
316,763
274,893
1,521,964
274,790
33,322
33,604
424,619
362,964 2,491,775
323,197
778,988
72,563
930,296
67,263
2,096,794
577,983
75,293
60,710
132,124
82,002
8,825
7,720
428,548
356,058
43,848
39,237
89,502
11,360
171.015
12,547
409,714
93,282
10,077
10,828
33,726
983,975
119,943
110,379
523,059
392.057
33.846
53,973
1,084,716
245.845
246,400 2,113,938
827,54/
54,216
578,398
76,116
1,991,648
377,837
116,564
77,352
-8.853
200,590
18,347
102,755
105,146
143,991
16,000
16,095
50,537
5,880
4,141
53,555
135,000
63
2,766
211
231,080
100,501
61,046
-12.994
150,053
12,467
49,200
87,080 -29,854
29,147
5,781
71,916
71,471
-5,626
219,454
18,775
-5,975 -141,155
343
343
343
13
13
13
13
233
233

-Month of September- -Jan. 1 to
1922.
1921.
1922.
$
$
$
129,667 1,510,071
108,967
301,726
32,583
27,760
177,170 1,952,722
152,504
320.861
46,630
30,178
380,131
41,959
33,377
38,889
3,771
4,587
948,103
94,029
80,315
190,311 1,721,642
151,844
231,080
660 -13,141
144,000
15,000
16,000

Kansas City Mexico & Orient RR

Freight revenue_ _ _ _ _
Passenger revenue.._ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses__ _
Transportation exp..
Tot.exp.,Incl.oth
Net from railroad._ _ _
Taxes
Uncollectible revenue_
Net after taxes. &c_
Net after rents.....
Aver. miles of r'd oper.

Louisiana & Arkansas
-Month of September- -Jan. 1 to Sept. 30Sept. 3
1922.
1921.
1922.
1921.
1921.
$
$
$
$
$
264,040 2,085,776 2,118,188
201,212
229,151
290,916
29,101
309,210
27,784
1,789
301,298 2,443,655 2,497,595
237,253
281,100
475,184
479,328
41,522
51,849
160.142
606.038
339,014
63,252
30,358
144,636
68,632
6,604
56,489
7,660
2,360
873,458
751.305
80,994
78,036
101,195
198,836 1,708,241 2,084.941
176,404
436,583
735,414
412,654
102,462
60,849
-155,483
193,401
148,371
16,335
22,568
49,164
635
714
14
263,648
541,299
86.113
38,281
-204,647
200,063
531,765
81,147
41,435
-200,182
302
302
302
302
33

International & Great Northern

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1922.
1921.
1922.
1922.
1921.
1921.
1922.
$
$
$
751,881
86,143
136,286
1,163,930 1,055,260 7,435,378 10,438,564
604
46
36
238,904 1,844.021 2,325,435
218,117
897,465
161,739. 105,211
1,494,369 1,408,812 10,362,574 13,875,549
184,278
17,755
23,125
287,517 1,520,513 2,130,451
225,817
85,055
12,313
10,415
237,492 1,828,716 2,781,540
271,451
1,978
213
284
232,760
238,121
25.749
26,148
195.110
16,300
36,641
628,061 4,538,297 7,060,753
564,658
489,644
48,980
72,933
1,137.306 1,231,964 8,598,130 12,746,817
407,821
56,231
88,806
176,848 1,764,444 1,128,732
357,063
50,786
5,358
5,486
328,223
294,352
38,576
32,500
10,809
12,483
2,114
2,080
357,035
50,873
83,320
789,700
1,457,609
136,518
322,483
,,
367,559
51,594
87,129
988,747 -214,549
75,457
245,483
33
33
33
1,159
1,159
1,159
1,159

[VOL. 115. *

Kansas City Southern
-Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1922.
1,303,720 1,315,064 10,496,570 12,166,758
179,121 1.491.361 1,762,061
170,688
1,590,329 1,632,985 13,210,926 14,931,283
279,914 1,730,733 1,968,374
198,674
321,942 2,667,858 2,652,235
374,095
345,851
327,033
34,951
37,157
485.069 4,756,954 5,270,002
545,989
10,869,141
10,085,476
1,218,039 1,176,100
456,885 3,125,450 4,062,142
372,290
708,124
868,006
93,458
94,879
4,194
3,479
299
360
363.128 2,253.965 3,349,824
277,051
332,718 2,103,847 3,189,419
231,971
767
767
767
767
Texarkana & Fort Smith
30-Month of September- -Jan. 1 to Sept.
1921.
1922.
1921.
1922.
$
$
$
$
158,399 1,255,934 1,362,824
160,842
159,196
129,172
16,505
13,699
192,770 1,514,939 1,661,029
191,231
182,287
158,559
20,481
16,359
190,987
175,071
27,087
21,044
46,648
46,467
5,803
4,930
570,252
450,973
48,847
51,058
1,077,310
907.999
121,183
101,636
583,719
606,940
71,587
89,595
66,935
95,421
7,353
10,871
212
528
38
48
516,572
510,991
64,196
78,676
311,73-0
364,570
50,264
62,778
93
81
93
81

Kansas Oklahoma & Gulf
& Gulf

Formerly Missouri Oklahoma
1 to
-Month of September- -Jan.
1922.
1921.
1922.
158,056 1,894.988
241,964
109,441
10,410
11,955
180,364 2,087,195
264,567
399,151
37,540
47,764
209,153
27,325
21,397
49,079
4,890
5,388
749.844
71,030
85,075
151,585 1,499,579
170,495,
587,616
28,779
94,072
88,522
9,066
9,579
115
1
498,979
19,713
84,492
385,683
11,308
66,822
314
314
314




Sept. 301921.
1,490,277
137,710
1,710,565
424,257
303,523
38,172
770,119
1,634,258
76,307
81,898
39
-5,630
---86,008
318

Sept. 301921.
$
2,259,664
39,269
2,386,122
263,704
380,456
16,752
1,028.105
7,758.070
628,052
109,359
3
518.690
316,237
96

Sept. 301921.
$
2,514,887
309,487
2,981,883
601,822
377,899
93,776
1,156,043
2,339,966
641,917
143,885
1.057
496,975
275,531
343

Louisville & Nashville
-Month of September- -Jan. 1 to Sept. 301922.
1921.
1921.
1922.
$
6,813,236 7,378,016 67,793,397 64,387,068
2,048,082 1,941,514 16,668,465 17,814,598
9,534,463 10,209,126 90,134,839 87,663,705
1,405,797 1.522,336 12.901,134 14,033,268
2,649,936 2,579,446 22,724.386 25,592,367
183,334 1.903,963 1,864,853
208,473
3,689,029 3,968.787 34,286,114 39.232.188
8.201,409 8,460.483 74.234.359 83,205,759
1,333,054 1,748,643 15,900,480 4,457,946
269,300 3,387,215 2,633,099
302,729
7.679
8,842
1.769
4.096
1,026,229 1,477.574 12.504,423 1.817,168
99T,T3
1.279,741 1,479,048 12,963,167
5,041
5,038
5,037
5,038

Louisville Henderson & St Louis
-Month of September- -Jan. 1 to
1922.
1921.
1922.
$
$
$
176,975 1,708,209
196,185
531,507
68.209
66.847
263,790 2,424,134
311,723
481,086
51,089
74,458
297,881
19,370
43,441
5,836
55,655
6,039
818,436
91,273
87,426
198,965
193,590 1,727,461
696,673
112,758
70,200
22,681
120,590
7,368
50
15
90,077
62,817
576,033
50,053
8,170
442,487
199
199
199

Sept. 30- ,
1921.
$
1,409,575
581.336
2,156,759
391,004
416,713
59,426
818,733
1,762,706
394,053
66,310
162
327.581
197,291
199

Maine Central
Lehigh & New England
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921.
1921.
1922.
1921.
1922.
1921.
1922.
$
$
$
$
$
$
$
$
473,070 2.799,209 3,376,564 1,157,842 1,188,820 10.577,142 10,575,491
378,684
4e3,735
486,448 3,533.821 3,845,904
17,006
2,051
1.735
19,216
494,852 2,881,670 3,542,919 1,762,208 1 806,421 15,269.304 15,503,469
387,946
278,113
364,425 2,460,832 2,808,716
525,379
491,839
83.142
61,340
298,063
321,507 2,864,580 3,629,150
797,819
855,643
91,757
50,123
119,714
14,128
121,708
14,518
55,445
86,898
8,882
6,498
771,331
749,027 6.666,842 7,841,228
137,166 1,090,424 1.192,446
150,040
336,089 2,668,380 2,719,074 1.415,233 1,495.633 12,562,205 14,858,038
282,607
310,788 2,707,099
346.975
645,431
213,290
823,845
158,763
105,339
87,649
857,258
105,559
950,035
139,077
82,806
15,453
6,645
12
9
1,606
655
205,220 1,848.235 -305,259
259,314
130,484
143,310
684.768
98,694
215,088
280,782
771,776
1,868,545
-469,530
203,239
140,154
91,959
1,194
1,194
1,194
1,199
236
237
237
235
Midland Valley
Lehigh Valley
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
1922.
1921.
1921.
1922.
$
$
$
$
$
$
$
$
317,250
266,711 2,626,375 2,452,475
4,518,596 5,482,280 37,054,467 46,630,114
74.790
68,853
629.966
704,634
734.216 5.339,475 6,031,231
729,119
408,462
356,402 3,402,646 3,312,015
5,656,065 6,686,105 45,833,132 56,437,575
80,298
67,891
748,236
515,765
829,418 5,386,797 6,234,983
727,977
45,000
45,492
558,962
403,871
12,117,236 1,521,144 13,982,181 19,846,382
5,181
43,870
4,087
43,731
916,973
948,545
93,899
RI 100,192
116,885
112,712 1.019.001 1,154.939
12,669,215 2.371,140 21,225,256 23,624,974
261,563
244,717 2.107,297 2.674,484
5,702,200 4,966,724 42.895.218 52.139.825
146,899
637,531
111,685 1,295,349
-46,135 1,719,381 2,937,914 4,297,750
73,448
16,740
130,661
8,161
156,000 1,682,050 1,576,217
70,387
1,448
99
44
41
5,427
306 Cr13.399
5,126
563,984
103,483 1,163,240
130,115
-121,648 1.563.075 1.269.263 2.716.106
529,958
120,026
103,527 1,069,101
740,832 2,713,299
-295,976 1,571,287
383
382
383
383
1,334
1,334
1,335
1,334
Minneapolis & St Louis
Los Angeles & Salt Lake
1 to Sept. 30-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan.
1922.
1921.
1921.
1922.
1921.
1922.
1921.
1922.
$
$
$
$
$
$
$
$
890,633 9,082,238 9,043,909 1,115,569 1,295,759 9,286,297 9,573,649
1,023,660
186,443 1.377,560 1,737,541
156,211
441,747 3,917,214 4,368,429
476,462
11,886.822
1.634,700 1,487,218 14,253,008 14,674,906 1,344,801 1,554,023 11,285,759
332,084 1,586,412 1,876,109
177,842
316,420 2,992,050 3,216,492
349,473
301.728 1,991,158 2,956,402
222,822
383,040 3,166,077 3,125,831
421.165
23,554
213,352
23,014
225,615
429,939
29,831
40,926
423,168
607,633 5,355,869 5,945,767
672,241
487,107 4.697.069 5.006,949
546,839
1,307,213
9,498,677
1,132,707
11,402.839
1,452,167 1,299,271 12.076.857 12.541,806
246,810 1,787,081
212,093
483,981
187,947 2,176,151 2,133,010
182,533
68,412
601,181
74,887
674,210
880,653
106.911
112,389
998,194
1,081
1,301
122
2,787
733
Cr43
358
74
177.317 1.184,509 -193,014
137,084
81.079 1,177,599 1.251,624
70,070
119,803
101,315
719,466
-438,15
896,300
830,402
72,588
38,396
1,650
1,649
1,649
1.651
1,168
1,140
1,168
1,137

RAILWAY EARNINGS

Nov., 1922.]

Minn St Paul & Sault Ste Marie

Mobile & Ohio System

Missouri Kansas & Texas RR

Nashville Chattanooga & St Louis

9
N Orleans Texas & Mexico System

Mobile & Ohio
New Orleans Texas & Mexico
-Month of September- -Jan. 1 to Sept. 301921.
1921.
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1922.
1922.
1922.
1921.
1921.
1922.
1922.
1921.
$
$
$
1921.
$
241,411
152,296 1,597,210 1,520,040
4,117,794 3,385,305 29,667,210 22.380,802 1,328,933 1,244,914 10,874,447 11,363,949
Freight revenue
166,972 1,274,764 1.425,660
32,217
28,150
275,181
150,827
763.015 5,503.369 6,316,381
724,370
327,116
Passenger revenue_ _ _
284,098
186,316 1,961,432 1,915,851
Tot.,incl. other rev. 5,253,092 4.487.933 33.296,947 31,360,918 1,564,115 1,495,045 12.817.557 13,472,066
186,084
1,907,233
27,079
'48,486
5,542.871
193.462
1,568,867
674,516
4,926,611
300,391
385,320
621.457
Expenses-Maint.way
44,111
387,434
364,295 2,654,590 3,742,364
33,355
862,793 5,205,941 7,586,105
433,551
662,028
387,391
Maint. of equipm't_
474,672
31,960
41,535
387.686
417,688
6,350
5,581
46.972
60,559
64,044
550.584
57,185
Traffic expenses..'..•_
52,433
58.893
551.318 4,958.639 5.745,619
572.888
479,418
554,013
Transportation axp_ 1.£04,548 1,689,997 14.032,165 14.985,463
29,800,097
1,200,075
12.298,747
137,465
1,231,038
10,004,115
153,096
3.396,152
1,344,708
25,751.191
1,452,822
3,382.115
.
Tot.exp.,incl.oth
146,633
-294,970 2,813,442 1,173,319
33,220 '
616,724
333,071
1,870,977 1,091,781 7,545,756 1,560,821
463,029
Net from railroad..
20,828
507,596
548,275
163,709 2,268,361 2.402,238
15,738
72,000
248,206
166,093
59,000
147,338
Taxes
143
97
95
1.190
223
6,322
398
8,908
46
20
Uncollectible revenue_
928,529 5,268,487 -847,739
278,980
222,875 2.304.656
624,821
125,805
17,482
450,585
315,671
Net after taxes, &c.. 1,622,373
199,006. 203,076 1,806,300
517,908
26,425
8C8,304 4,894.260-1,484,184
167732
840,18i
1,562,179
3077995
Net after rents
4,375
4,383
4,271
1,165
1,165
1,165
191
4,383
1,165
191
191
191
Aver. miles ofr'd oper.
Columbus & Greenville
Beaumont Sour Lake & Western
Mississippi Central
Formerly Southern By. in Mississippi
-Month of September- -Jan. 1 to Sept. 30-Month of September- -Jan. 1 to Sept. 301922.
1922.
1921.
1921.
1922.
1921.
1922.
1921.
-Month of September- -Jan. 1 to Sept. 30EARNINGS.
$
$
$
$
1922.
1921.
1921.
1922.
$
94,692
132,342 1,168,534 1,306,073
818,737
772,773
113,962
902,674
622.448
104,125
106,804
100,480
Freight revenue
23,032
23,933
214,765
269,109
256,861
148,198
175,894
29,359
250,322
18.171
18.183
32.796
_
_
Passenger revenue..
127,396
164,374 1,469,327 1,647,009
830,310
136,448 1,095,791
140,774
141,456 1,124,470 1,098,572
130,588
Tot.,incl. other rev.
30,990
19,442
304,078
311.546
259,379
331,704
23,008
24,760
174,040
178,879
29,208
31,582
Expenses-Maint.N$ay
20,774
10,457
196,142
239,747
174.659
31,341
279,969
15,644
105.232
24,090
278,434
11,989
Maint. of equipm't_
5,087
4,222
45,939
42,845
29,192
4,111
26,942
2,106
26,664
5.899
51,441
2,428
expenses_
_
_
Traffic
51,766
51,540
475,729
557,799
42,105
412,143
617.671
383,254
307,780
51,837
44.945
43,423
Transportation exp..
115,027
91,262
1.083,796
1.218,761
856,466
106,062
883,310 1.209,191
104,496
109,162
999,944
97,730
Tot.exp.,incl.oth.
12,369
73,112
385,531
428,248
241,160 --110,619
27,286
145.847 -26,156
35,394
26,092
43,044
Net from railroad_ _ _ _
5,079
4,169
38,996
32,155
6,255
56,046
43,973
131,179
6,237
56,983
5,460
16,363
Taxes
40
3
85
67
627
1
190
85
Crl
8
18
8
Uncollectib.e revenue_
7,250
68,940
346,450
396,026
19,023
196,560 -241,816
21,032
89,611 -83.224
19,847
37,585
Net after taxes, &c_
138,838
55,929
279,008
12,512
-3,567
89.528 --438,391 -12,929
101,824 -99,342
25.338
25,098
Net after rents
118
118
118
118
179
259
226
258
258
199
258
167
Aver. miles ofr'd oper.
St
Louis
Brownsville
&
Mexico
Montour
Missouri & North Arkansas
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
1921.
1922.
1922.
1921.
1921.
1921.
1922.
1922.
EARNINGS.
$
$
$
$
$
$
$
$
285,001
446,417
2,745,463
3,093,975
270.625
581,811
1,083,434
92,738
208,738
80,254
Freight revenue
109,802
127,957
896,210 1,213,281
6,479
8,985
68,583
747
520
16,289
Passenger revenue.._ _
441,020
599,730 3,959,361 4,611,528
362,978
596,269 1,108,454
94,229
209,181
Tot.,incl. other rev.
102,498
75,005
75,370
670,573
757,302
33,406
159,894
256.858
37,766
27,458
8,705
Expenses-Maint.way
53,367
71,510
534,089
758,594
224,045
479,403
44,799
30,758
27,806
8,568
Maint. of equipm't.
13,616
13,367
124,321
Not in
133,566
9,059
10,114
8,187
910
Not in
1,254
1,519
Traffic expenses_ _ _
127,969
144,778 1,084,066 1,559,708
164,299
304,573
Opera-202,904
Opera25,870
30,145
49,935
Transportation exp_
286,073
322,224 2,574,508 3,405,290
tion
101,456
612,159 1,115,393
tion
305,502
92,525
70,988
Tot.exp.,incl.oth.
-6,939
154,947177,506 1,384,853 1,206,238
---7,227 --15,890
57.476
116,656
31,510
Net from railroad.._ _ _
12,361
15,161
127,987
133,983
30,887
19,298
5,187
1,089
1,851
1,831
Taxes
49
218
371
83
1
1
7
Uncollectible revenue_
262,296
142,586
1,256,648
1,071,884
52,289
-8,317
-35,271
-37,827
114,798
29,679
Net after taxes, &c_
128,215
256,139
996,394
907,48t
-65
38,180
782
161,198
115,750
16,237
Net after rents
550
550
550
301
550
56
56
56
56
344
Aver. miles ofr'd oper.
EARNINGS.

New York Central System

New York Central RR
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30-Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1922.
1921.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
$
$
$
$
$
$
$
$
2,095,649 2,087,746 16,428,662 17,709.608 1,482,209 1,249,619 11.521.148 10,593,330 18,733,096 16,970,721148,312,248143,476,544
Freight revenue
452,153
539,143 4,198,629 5,356,108
414,987 3,441.464 3,855,655 8,555,428 8,449,640 67,888,474 70,712,687
Passenger revenue_ _ _
406,639
Tot.,incl. other rev. 2,780.639 2,900,914 22,720.719 24,998,535 2,038,629 1,826,049 16,126,717 15,583,279 31,111,393 28,477,314246,552,435240,123,955
625.212 2,474,325 3,587.147
355.069
Expenses-Maint.way
185,266 2,514.206 2,315,246 3,221,924 3,991,339 28,370,672 28,524,597
272.188
556,612 4,519,746 6,588,218
666,450
Maint. of equipm't_
407,972 4,135,062 3,963,529 9,310,269 6,481,275 64,320,206 55,449,586
546,155
319,818 2,849,257 2,874,748
310,181
47,033
38,107
417,553
418,852
Traffic expenses...._
615,590
631,594
67,004
68,243
912,950
806,424 6,833,353 8,545,527
Transportation exp..
674,165 6,399,387 7.160.386 12,553,901 9,643,009 92,404,425 96,067,604
864,667
Tot.exp.,incl.oth. 2,065,418 2,116,498 A5,109,330 20,022,633 1,810,759 1,391,840 14,222.791 14,620,476 26,519,621 21,447,386197,792,117193,577.318
715,221
784,416 7,611,389 4,975.902
Net from railroad...... _
434,209 1,903,926
962,803 4,5917771 7,029,928 437760,318 46,546,637
227,870
142,523
155,587 1,487,518 1,382,403
Taxes
430.000 1,579,856 1,677,084 14,609,294 14,948,321
40.000
315,000
35.060
365
215
10,107
1,215
42,840
.14,252
12.212
Uncollectible revenue_
3,736
67
15,765
8,161
951
572,483
628,464 6,111,659 3,589,763
Net after taxes, &c_
191,919
394.142 1,573,161
524,642 3,001,809 5,351,629 34,108,184 31,584.064
632,264
720,080 6,593,342 4,49(T887
Net after rents..
186,784
402,840 1,893,277
844,525 3,111,201 57428413 35657,023 32,817.380
1,670
1,714
6,078
1,670
6,098
Aver. miles ofr'd oper.
6,098
6,078
1,715
1,258
1,258
1,258
1,258
Cincinnati Northern
Missouri Kans & Texas Ry of Tex _
Nevada Northern
-Month of September- -Jan. 1 to Sept. 30- Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1922.
1921.
EARNINGS.
1921.
1921.
1922.
1921.
1922.
1922.
1921.
$
$
$
$
$
$
$
$
Freight revenue
1,370,475 1,507,419 10,046,401 13,569,213
364,352 2,235,063 2,609,134
213,558
65.312
17,384
312,792
186,255
419.167
Passenger revenue__ _
174,011
521,938 3,744,267 5,065,157
17,397
138,354
12,864
46,382
5,421
38,742
2,878
Tot.,incl. other rev. 1,915.971 2,233,874 15,138,428 20,198,544
391,270 2,442,257 2,872,182
235,554
263,513
74,343
23,251
387,235
321,128
Expenses-Maint.way
439,828
607,636 2,478,936 3,160,834
515,715
52,236
59,166
87,997
100,424
12,650
10,733
464,071
513,113
Maint. of equipm't_
466,641
312.918 2.427,142 3,517,614
42,031
50,924
54,085
4,882
3,511
35,165
43,592
45,857
36,885
Traffic expenses_ _ _
40,142
5,974
3,125
362,726
382,207
5,575
453
3,892
905
752,717
990,455
87,690
847,196
779.539 6.077,952 8,024,435
Transportation exp..
107,989
110,526
11,817
5,626
75,363
194,222
228,167 1,944,178 2,053,418
Tot.exp.,incl.oth. 1,636.662 1.833.962 11,998,356 16,048,060
301.746
32,397
24,739
228,496
279,309
399,912 3,140,072 4,150,484
Net from railroad......
41,332
163,103
498,074
8T876-4
41,946
-1,488
158,739 -38,233
147,219
54,316
62,717
11,671
19,966
137,711
Taxes
468,084
447,623
78,424
6,450
4,827
56,603
8
97
Cr20
Crl
362
4,314
Uncollectible revenue_
3,745
3
121
671,537
29,662
224,896
337,215 2,667,674 3,699,116
360,006
143,137
Net after taxes, &c_
35,496
-6,315
102,133 -116,778
595,682
-9,494
10,633
171,083
145,012 1,401,057 1,677,038 115,897
Net after rents
-4,262
117T941 -94,058
34,039
245
1,739
244
244
1,737
1,737
244
Aver. miles ofr'd oper.
1,739
164
165
164
165
Peoria & East)
Cin
Chic
&
St
L
(Inc
Cleve
Missouri Pacific
Newburgh & South Shore
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30=
1921.
1922.
1921.
1922.
1921.
1922.
1922.
1922.
1921.
1921.
EARNINGS.
1922.
1921.
$
$
$
$
S .. '
$
$
$
Freight revenue
5,193,381 4,930.529 44,480,356 42,019,501
5,859,851 7,721,873 54,203,369 60,926,675
Passenger revenue...... 1,319,136 1.596.907 12,370,097 14.763.581
1,440,172 1,580,684 12.125;003 13,353,546
Tot.,incl. other rev. 8,049,230 10.082,713 73,122,930 82,034,788
129,765 1,416,014
131,441
961,520 7,200,006 7,111,625 61,379,687 60,038,893
Expenses-Maint.way 1,510.096 1,281,302 12,906,121 13,561,086
21,081
101,507
928,494 7,116,498 8,366,957
17,681
872,239
114,089
Maint. of equipm't_ 1,677,158 1,950.098 14,766,449 17,522,508
324,595
29,897
38,159
233,577 2,340,696 1,779,181 12,728,194 13,523,053
Traffic expenses_
977,994
138,890
103,428 1,005,836
101,442
147,739 1,384,996 1,479,941
Transportation exp.. 3,699,156 3,700.715 30,047,867 34,205,156
46,484
57,692
557,351
463.407 2,880,881 2,476,234 23,416,048 25,476,771
Tot.exp.,inci.oth. 7,294,410 7,378,142 61,642,204 69,612,671
101,383 1,015,944
117,092
850,144 6,424,849 5,514,102 46,266,419 50,349,411
Net from railroad.. _.
754,820 2,704.571 11,480,726 12,422,117
28,382
14,349
400,070
111,37t -77757151 1,597,52g 15,113,268 9,689,482
Taxes
351,016
11,099
112,966
11,675
454,693 3,297,402 2,960,331
95,354
292,692
380,019 3,543,973 2,940,491
4,959
3
Uncoliectibla revenue..
3,237
43,329
3.787
28,850
11
8,707
331
415
400,567 2,246,091 8,154,474 9,418.457
2,674
17,283
287,101
16,011
Net after taxes, &c_
482,134 1,217,089 11,560,588 6,744,032
17,255
262,392
79,734 1.821,022 5,344,679 7,060,844
10,232
38,916
Net after rents
198-,-997 1,278,356 10,235,491 5,6747399
7,149
7,300
7,299
7.300
7
7
7
2,415
7
2,410
2,406
2,410
Aver. miles ofr'd oper.
Indiana Harbor Belt
Monongahela Connecting
New Orleans Great Northern
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1922.
1921.
1922.
1922.
1922.
1921.
1921.
1922.
1921.
EARNINGS.
$
$
S
$
$
$
163,974
1,477,247
145,542
1,440,569
Freight revenue
43,746
326,338
33,565
406,031
Passenger revenue_ -836,281 7,303,536 6,670,869
998,465
219,060 1,883,963 1,930,691
61,361 1,181.981
524,175
189,024
120,144
Tot.,incl. other rev.
870,628
905,954
120,477
139,804
37,046
284,503
160.521
28,924
83.737
12,877
311,044
30,051
Expenses-Maint.way
798,524 1,303,949
161,418
142,912
64,978
271,821
215.223
131,622
20,444
24,988
388,429
26,671
Maint. of equipm't_
37,323
33,820
3,279
4,256
46,520
5,107
506
4,731
4,970
4,821
48,093
506
Traffic expenses......
272,568 2,852.671 2,923,414
417,573
600,372
65,965
82.276
29,035
550,388
288,814
806,520
72,265
Transportationexp.
4,768,030
577,992
5,351,933
725,628
199,037 1,295,940 1,647,509
130,328
994,966
72,556
562.858
134,274
Tot.exp.,incl.oth.
258,289 2,535,506 1,318,936
7
2 2,8T588,023
20,023
187,015 -38,683
58,696
283,182
Net from railroad..--- --14.130 -11,195
342,667
17,949
194,462
31,976
18,031
135,529
15,016
146,219
19,332
15,825
1,728
2,035
Taxes
413
2
15
3
105
577
47
493
Uncollectible revenue_
2,192,426
240,338
1,124,459
240,858
451,917
1,887
136,470
43,633
167,683
--54,508
--16,165 --12.923
Net after taxes, &c_
131,183 1,446,59-f
111,356
16L670
65,021
409,956
457973 -16,970
138,262 --92,800
Net after rents
--20.645 --16,664
120
119
119
120
274
274
274
274
7
7
7
Aver.miles of r'd oper.
7
EARNINGS.




10

RAILWAY EARNINGS
New York Central Sys. (Coad.)

New York New Haven & Hartford

[Vol,. 115.
Pennsylvania Railroad

. Kanawha & Michigan
-Month of September- -Jan. 1 to Sept. 30- Incl. Penn. Company, Grand Rapids &
-Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
and P. C. C. & St. L.
$
I -MonthIndiana
1922.
1922.
1921.
1921.
of September- -Jan. 1 to Sept. 30386,395
376,364 2,057,089 2,972,096 5,164,675 4,556,181 43,345,111 38,568,981 41,348,961 33.101,913 311.154.422 295766164
Freight revenue
46,897
Passenger revenue_ _ _
59,069
396,801
540,920 4,674,746 4,686,405 36,581,836 38,516,435 14.188,331 13,331,355 107774,003 119034,897
448,560
Tot.,lncl. other rev.
452,368 2,577,481 3,644,106 11,086,238 10,242,144 89,944,465 85,575,656 60,712,345 50.390,745 459752,494 453870,521
Expenses-Maint.way
-1,869
67,782
500,692
650,071 1,449,876 1,644.574 12,583,755 13,560,032 7,922,936 6,878,436 57.276,507 56,362,465
Maint. of equipm't_
186,190
142,432 1,048,912 1,318,605 2,509,309 2,376,192 18,737,888 21,013,336 15.060,302 12.342,043 116536,307 118157,009
1,450
Traffic expenses_ _ _
3,350
37,088
58,815
67,060
34,783
495,150
556,475
537,338
568,370 5,113,613 5,304,572
Transportation exp_
176,594
145,154 1,076.637 1,273,488 4,509,832 4,171,280 36,783,875 41,792,081 25,220,294
20.627.647 177755,149 201084,164
Tot.exp.,inci.oth
366,704
369,846 2,754,907 3,376,618 8,958,191 8,775,538 72,533,404 81,690,481 50.937,018 42.493,342 375621.280 400523,432
81,858
82,522 -177,426
Net from railroad_ _ _
267,488 2,128,047 1,466,606 17,411,061 3,885,175 9.775,327 7.897,403 84,131,214 53.347.089
25,833
241,162
Taxes
305,130
360,406
365,423 3,437,730 3,542,352 3,099.566 2.878,411 21,537.131 20,000,450
44
Uncollectible revenue _
133
1,801
963
2,312
16,148
23,538
27,931
58.489
7,923
4.692
55,979
48,657 -418,721 -39,443 1,766,678 1,098,871 13,957,183
Net after taxes, &c_
319,285 6,667.838 5,014.300 62,535.594 33.318.708
63,012
60,107 -334,837
284,852 1,245,279
Net after rents
668,491 9,860,408 -3,019.179 6,298,532 3,841,895 56,712.505 23,900,990
176
176
176
1,985
Aver. miles of r'd oper.
176
1,986
1,986
1,986
10.381
10,381
10,385
10,385
,
Michigan Central
New York Ontario & Western
Baltimore Chesapeake & Atlantic
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1922.
1922.
1921.
EARNINGS.
1921.
1921.
1922.
1921.
1922.
1921.
1921.
1922.
$
$
$
$
$
$
$
$
$
$
$
$
5,003,315 4,181,684 39,339,770 33,488,137
729,276
Freight revenue
725,874 4,973,448 6,458,773
92,615
92.666
807,344
852.879
_
1.815,670
revenue_
_
1,782,296 14,239,929 15,505,997
291,892
Passenger
338,017 2,684,881 3,028,112
50,840
53,861
366.522
397,419
Tot.,incl. other rev. 7,578,188 6,563,379 59,354,546 54,107,636 1,182,769 1,229,019 9,193,954 10,943,496
151,126
151,612 1.223.742 1,284,684
Expenses-Maint.way
821,296
176,271
704,125 6,245,824 6,371,006
297,487 1,297,588 1,723,538
15,234
10,382
125,935
120.238
234,012
Maint. of equipm't_ 1,797,561 1,134,671 12,801,769 11,215,562
195,142 1,613,665 2,531,6811
26.320
23,047
313,412
282,134
.
84,054
expenses_
_
17,680
87,747
814,728
Traffic
14,858
847,357
138,873
130,667i
1.452
3,342
17.326
15,765
552,767
Transportation exp_ 2,501,183 2,127,836 20,739,363 21.788,088
466,176 4,331,366 4,547,064
95.677
79,564
700,480
715,985
5,417,208 4,277.298 42,501.173 42,256,591 1,010,662 1,001,462 7,665,739 9,248,248
Tot.exp..incl.oth
142,818
120.515 1.191.015 1,170,229
172,107
229,557 1,528,215 1,695,248
Net from railroad_. _ _ 2,160,980 2,286,081 16,853,373 11,851,045
8,308
31,097
114,455
3,-727
25,000
458,983
225,000 3,527,034 2,019,234
35,500
Taxes
316,000
319,500
7,469
7,528
45.600
45,964
86
421
1,865
12,421
Uncollectible revenue
31
2,219
1,270
6,829
14
11
60
147,021
192,026 1,210,945 1,368,919
Net after taxes, &c_ 1,700,132 2,060.660 13,313,918 9,829,592
825
23,569 -12,933
68.480
117,906
1,627,211 2,035,993 12,483,297 9,814,582
162,546
Net after rents
839,335 1,161,868
544
27,278 -14,138
74,022
569
569
1,862
1,865
1,862
1,865
Aver. miles of r'd oper.
569
569
87
87
87
87
New York Susquehanna & West
Pittsburgh & Lake Erie
Cincinnati Lebanon & Northern
-Month
of
September- -Jan. 1 to Sept. 30- -Month of August- -Jan. 1 to Aug. 31---Month of September- -Jan. 1 to Sept. 301922.
1921.
1921.
1922.
1922.
1921.
EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
224,199
229,078 2,005,679 2,238,685
Freight revenue_ ._ _ _ _ 2,666,832 1,375,891 16,217,147 13,715,430
79,288
90,200
573,287
644,000
63,093
66,034
259.456
237.075 2,032,843 2,322,603
Passenger revenue_ _ _
554,711
598,443
9,828
6,894
67,502
65,459
325,747
336,325 2,933,026 3,215,563
Tot.,incl. other rev. 3,026,790 1,719,158 18,919,524 17,294,561
97,728
104,412
707,715
747,173
46,849
72,055
311,482
362,025 2,414,790 2,929,513
Expenses-Maint.way
490,027
418,153
15,639
27,010
143,170
135,474
69,754
716,001
69,238
673,682 7,895,073 5,406,621
Maint. of equipm't_
482,728
539,038
22,172
16,646
135,204
183,641
3,411
18,181
Traffic expenses_ _
3,465
182,289
19.388
186,848
34,654
31,904
2,266
14,601
1,835
14,499
231,343
191,348 1,797,843 1,970,194
594,432 6,780,749 6,875,225
Transportation exp_ 1.080,006
62,789
60,952
451,775
518,634
362,435
346,866 2,876,568 3,067,484
Tot.exp.,incl.oth. 2,187.852 1,711,980 17,847,193 16,052,725
116,313
97,692
762,769
876,962
838,938
7,178 1,072,331 1,242,436 --36,688 --10,541
Net from railroad_ _ _ _
56,458
148,079 -18,588
6,726 -55.054 -129,70
25,494
162,200
220,329
25,833
741,716 1,973,670
Taxes
227,571
232,684
9,288
56,795
63,975
8,687
36
205
17
156
Unc,ollectible revenue_
1,506
1,356
373
490
76
676,533 -213,168
-36,530 -171,486 -85,095 --27,272
329.109 -732,590 -62,218
Net after taxes, &c_
-2.568 --111,925 --193,764
842,513 -82,697 1,368,264 1,289,730 -72,079 -26,880 --284,854 --45,365 -24,2M
Net after rents
30 •=100,7r3 -19 ,
135
227
227
227
Aver. miles ofr'd oper.
135
227
135
135
76
76
76
76
Toledo & Ohio Central
Norfolk & Western
Grand Rapids & Indiana
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921.
1921.
1922.
1922.
1922.
1921.
EARNINGS.
1921.
$
a
$
$
$
$
$
$
898,788 5,213,614 6,965,432 6,665,744 5,392,420 60,225,342 49,167,557
1,224,167
Freight revenue
881,898
70.359
77,391
868,765 6.692,861 7,714,564
569,151
697,171
Passenger revenue__ _
Tot., incl. other rev. 1,365,296 1,015,227 6,097,593 7,987,016 7,857,559 6,567,272 69,335,378 59,352,288
146,712
147,122 1,139,257 1,342,083 1,163,809
961,174 9,031,521 8,844,815
Expenses-Maint.waY
390,336
286,902 2,036,458 1,913,494 2,399,165 1,594,568 15,916,555 14,481,449
Maint. of equipm't_
77,710
11,109
9,635
81,406
100,834
94,983
Traffic expenses__ _
705,778
648,296
Now included in
541,035
330,529 2,825,979 3,152,685 2,662,388 2,155,410 21,001,504 23,432,734
Transportation exp_
Pennsylvania Railroad
801,354 6,365,381 6,780.740 6,465,496 4,948,786 48,082 591 48,931,086
Tot.exp.,incl.oth. 1,122,176
213,873 -267,788 1,206,276 1,392,063 1,618,486 21,252,787 10,421,202
243,120
Net from railroad
50,504
60,527
600,000
400,000 4,650,000 3,530,000
479,838
515,915
Taxes..
457
222
18
1,779
30
Uncollectibie revenue
7,732
1,815
4,073
791,606 1,218,264 .16,595,055 6,887,129
192,598
151,567 -747,656
688,546
Net after taxes, &c_
875,727 1,443,300 18,191,494 8,796,765
202,769
155,799 -634,425
928,293
Net after rents
2,237
503
503
503
2,231
503
Aver. miles ofr'd oper.
2,237
2,223
EARNINGS.

New York Chicago & St Louis
EARNINGS.
Freight revenue
Passenger revenue.. _ _
Tot., incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp_
Tot.exp.,incl.oth.
Net from railroad_
Taxes
Uncollectible revenue..
Net after taxes, &c_
Net after rents
Aver. miles ofr'd oper.

-Month of September- -Jan. 1 to
1921.
1922.
1922.
$
$
$
2,987,110 2,919,504 26,419,149
170,656
174,940 1,323.558
3,283,203 3,198,074 28.640,024
456,473
440,108 3,579,915
717,897
625.126 5,532,592
693,062
77,283
83,366
1,327,321 1,116,822 10,817.859
2,704,517 2,417.950 21,691,911
780,124 6,948,113
578,686
253,054 1,595,008
216,438
4.087
175
847
526,895 5,349,018
361,401
488,180 5,125.893
339,370
1,242
1.261
1,242
Lake Erie & Western

EARNINGS.
Freight revenue
Passenger revenue._ _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses.. _
Transportation exp..
Tot.exp.,inci.oth.
Net from railroad_ _ _ _
Taxes
Uncollectible revenue..
Net after taxes, &c_
Net after rents
Aver. miles of r'd oper.

Now included in
New York Chicago & St Louis

New York Connecting
EARNINGS.
Freight revenue
Passenger revenue.._ _
Tot., incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses__ _
Transportation exp_
Tot.exp.,incl.oth.
Net from railroad__ -Taxes
Uncollectible revenue_
Net after taxes, &c_
Net after rents
Aver. miles ofr'd oper.

-Month of September- -Jan. 1 to Sept. 301922.
1921.
1921.
1922.

$

$

$

$

1,880,916 2,465,059

277,598

233,016

307,335
9,470
8,016

246,309 2,145,807 2,573,405
118,152
101,085
13,520
138,573
112,499
15,335

42,600
61,606
245,729
39,373

31.148
61,394
184,915
20,801

411,408
656.028
1,489,779
354,359

469,267
727,557
1,845,848
334,276

206.356
157,583
19

164,114, 1,135,420
778,631
107,135
19
19

1,511,472
966,350
19




Norfolk Southern

Long Island
Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1921.
1922.
$
$
$
$
$
4,260,020
734,256
784.256 6,388,479 5,900,862
1,242,232 1,986,980 1,866.918 15.121,537
14.396.099
5,869,084 2,980,012 2,842.257 23,587,475 22,124,788
973,648
330,192
237.729 2.457,712 2,510,326
891,954
460.921
357.355 3.702,946 3,832,522
201,912
164,593
15,263
16.767
154.341
2,735,693 1.254,354 1,066,464 10,065.454 10,366.086
5,101,987 2 140.885 1,748,663 17,079,810 17,595,606
839,12'7 1.093,594' 6,507,665 4,529.18
767,097
292,074
190,835 1,358,183 1,249,715
207,398
214
1,005
26,148
20,773
251
474,809
901,754 6,123.334 3,258,694
631,478
391,464
828,378 4,523,253 2,809.181
563.706
942
398
398
398
398.
Northwestern Pacific
Maryland Delaware & Virginia
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
$
i
487,737
533,281 3,252,958 3,451.483
68,984
69,869
569,613
611,074
236,893
248,372 2,065,184 2,263,405
51,525
54.672
295,063
333,569
800,169
868,976 6,026,369 6,478,242
125,710
127,307
894.717
974,242
79,748
140,863
910,180 1,111,540
8,385
9,400
85,873
98,848.
132,250
109,598
776,707
817,759
13,384
17,025
187,890,
220,763
4,485
8,644
63,943
55,332
743
4,346
16,626
13,729
279,537
279,182 2,308,789 2,519,984
84,338
79,401
636,566
585.208
517,200
551,666 4,205,224 4,675,066
109,578
112,708
960,353
930,784
282,969
317,310 1,821,145 1,803,176
15,932
14.599 -36,06f
13,889
49,132
50,280
427,311
329,979
1,998
24,513
2.399
20,400
27
15
680
911
a
7
233,810
267,015 1,393,154 1,472,286
13,934
12,200 -56,474 -10,627
211,465
249,418 1,255,878 1,380,887
12,412
5,404 -67,547 -40,945.
496
507
82
501
82
82
525
82
Monongahela
Northern Pacific
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30-1922.
1922.
1921.
1921.
1922.
1921.
1921.
1922.
$
$
$
$
$
$
$
$
7,616,269 7,623,080 50,190,932 47,500,697
380,799 2.201,544 2,612.363
349,807
274,647
1,408,475 1,585,566 11,795,544 13,354,942
32,133
321.261
41.592
9,846,468 9,864,472 68,294.756 67.090,286
418,810 2.518,106 2,976,481
399,645
360,126
1,097,429 1,562,599 9,697,911 12,108,651
57,023
52.250
648,754
428.553
58,588
2,494,007 1,865,219 16,185,711 15,504,822
83,921
608,502
13,071
117,432
1,399
131,095 1,253,221 1,114,966
1,185
16,567
720.824
98,608
3,359,759 3,122,225 26,093,263 27,402.481
119,033
905,853
223.528 1.606.525 2.253,740
7,354,367 6.987,916 55,982.673 59,241.248
265,301
195,282
911,581
2,492,101 2,876,556 12,312,083 7,849,038
134,314
722,741
6 500
723,916
72.000
8.000
691,167 6,515,248 6,449,296
58,500
6
164
1,174
677
20,910
12,535
6
188,776
839,417
1,767,011 2,184,712 5,775,925 1,386,707
116,344
644,235
148,008
64,504
499,203
2,109,089 2,455,292 8,386,743 3,527,995
228,697
106
106
106
6,630
6,655
6,655
6,643
106

Sept. 30- -Month of September- -Jan. 1 to
1922.
1921.
1922.
1921.
$
501,352
24,476,762
459,568 4,698,689
125.915
1.624.441
135,982 1,097,329
664,373
26,822,575
637,633 6,122,293
102,384
3,305,681
109,092
913,643
110,654
5,819,917
81,318
976,255
21,215
672.548
22,768
196,879
262,640
260,539 2,560,411
11,101.393
522.530
21,916,482
505,598 4,911.399
141,843
132,035 1,210,894
4,906,093
32,315
1,581,166
32,675
277,069
5
112
783
109,523
99.360
3,324,815
933,042
84,552
89,220
3,129,523
720,330
930
942
930
1,261

or

11

RAILWAY EARNINGS

Nov., 1922.]

Pennsylvania RR (Concluded)
New York Philadelphia & Norfolk
-Month of September- -Jan. 1 to Sept. 30EARNINGS.
1921.
1921.
1922.
1922.
375,000 4,915.351 3.350,90r
802,826
Freight revenue
910643
97,100
751,434
104,636
Passenger revenue_
518,138 6,120,180 4,668,25i,
953.337
Tot.,incl. other rev.
43,379
512,443
466,503
54,140
Expenses-Maint.waY
156,031 1,505,754 1,345,018
183,367
Maint. of equipm't_
7,060
67,909
72,703
7,089
Traffic expenses_ _ _
310.861 2.800,427 2.971,925
316,609
Transportation exp_
544,300 5,098,079 5,099,083
586,848
Tot.exp.,Incl.oth.
366,489 -26.162 1,022,101 -430,825
Net from railroad..
164.149
18,760
190.301
21.749
Taxes
157
329
15
13
Uncollectible revenue_
831,643
--595,303
-44,937
344,727
Net after taxes, &c..
-748,265
-56,483
602,392
306,863
Net after rents
122
122
122
122
Aver. miles ofr'd oper.
Pittsburgh Cincinnati Chicago & St Louis

Philadelphia & Reading
-Month of September- -Jan. 1 to
1922.
1922.
1921.
$
$
$
5,479,317 5,861,404 45,178,753
306.010 7.337.327
893.478
6,782,686 6.502,411 55,691,782
716,340 6,658,973
686.640
1,339.142 1,773,199 15.125,155
55,068
561.498
65,789
2,959.324 2,169,910 21,530,837
5,209,024 4,808.309 45,237,565
1,573,662 1,694,102 10,454,217
149,052
148,749 1,752,731
Cr102
1,314
11,192
1,424,712 1,544,039 8.690,294
1,343,941 1,648,122 6,741,276
1,127
1,127
1,126

Rutland

of September- -Jan. 1 to
Sept. 30- -Month
1922.
1921.
1922.
1921.
$
i
$
$
264.740
266,765
2,261,448
52,358,526
165,076
169,648 1,144,983
7.782,354
538,064
538.139 4,280,835
62,757,369
108,490
110,345
841,863
7.408,931
92,042
80,165
794,552
17,610,764
8,704
8,753
74,635
522,880
218,669
206,688 1,935,172
25,697,190
441,759
417,464 3.778,753
52,756,865
96,305
120,675
502,082
10,000,504
21,954
23,713
190,046
1.788,241
3
53
11.837
74,348
96,962
311,983
8,200,426
81,327
100,612
351,758
6,700,448
415
415
415
1,126

Sept. 301921.
$
2.397.876
1,219,808
4,391,379
872,783
913,947
78,426
2,009.518
4,019.457
371,922
215,903
94
155,925
269,506
415

Pittsburgh & Shawmut

St Louis-San Francisco System

Port Reading

St Louis Southwestern System

Louis-San Francisco
-Month of September- -Jan. 1 to Sept. 30- -Month ofSt
Septe noer- -Jan. 1 to Sept. 30-1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
701.581
856,451 4,309,250 4,966.462 40,955,676 41,612.894
127,352
80,050
Freight revenue
1,521,853
1,670.686
13.558,117
15,803,377
44,748
50,362
4,096
4,067
_
_
revenue_
Passenger
135,038
765,642
923,071 6,414,570 7,207,470 58,891,289 61,241,916
88,761
Tot.,incl. other rev.
931,722 8,714,457 7,012,263
230,214
215,847 1,012,272
20,676
23,969
Expenses-Maint.way
350.428 1,260,696 1,362,035 11,178,436 11,403,797
25,153
302,073
26,392
Maint. of equipm't_
78.351
89,971
included
in
756,497
Now
750.512
15,076
16,538
_
2,224
1,438
expenses.._
Traffic
267.614
335,471 2,635,694 2.434,041 21.804,822 24.134.880
33,191
41,231
Transportation exp_
Pennsylvania Railroad
514,648
5.033,104
43.916.929
875.460
44,997,958
86,795
982,438
Tot.exp.,incl.oth.
99,524
48,243 --109,818 -59,367 1.269.922 2,174,366 14,974,360 16,243.958
-10,763
Net from railroad..__ _
328.328
299,955 2.975,444 2,551.860
8,804
9,060
161
131
Taxes
2.905
2,494
37,305
26,393
2
Uncollectible revenue_
938,691 1.871,917 11,961,611 13,665,705
48,082 --118,624 --68,427
--10,894
Net after taxes, &c..
724,243
1,824,567
11,425,141 13,420,134
4,166
130,024
53,617
16,603
Net after rents... _ _
4,760
4,760
4.760
102
102
102
4,760
102
Aver. miles of r'd oper.
Fort
Worth
&
Rio Grande
ToledoPecnia& Western
Pittsburgh & West Virginia
of September- -Jan. 1 to Sept. 30-Month of September- -Jan. 1 to Sept. 30-- -Month of September- -Jan. 1 to Sept. 30- -Month
1922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
1921.
1922.
1921.
1922.
EARNINGS.
$
$
$
$
$
$
$
$
105,134
118,918
622,495
714,509
720,760
1,701,143
1,674.482
185,047
91,556
215,521
820,998
90,639
Freight revenue
28,557
36,027
258,730
428,618
381,983
79,695
109,632
11,252
9,017
46.763
373,588
33.651
Passenger revenue.._ _
146,292
166.772
974.573 1,303,811
226,824 2,047,543 2,073,828
149.851 1,210,502 1,235,191
251,616
141,067
Tot., incl. other rev.
30.309
41,212
284,820
369,776
229,030
290,198
541,821
85,969
39,171
24,050
331.838
Expenses-Maint.way
32,445
33,148
26,470
386,833
208,656
279,021
536,930
780.268
56.499
100.864
36,503
230,153
Maint. of equipm't_
2,1,854
2,675
2,802
27.967
24,321
25,141
31,609
28,891
3,006
2,584
2.000
28,469
2,431
Traffic expenses_
58.713
61,881
733,781
455,701
632,454
677,484
514,912
63.033
63.509
72,383
709.715
73,556
Transportation exp_
129.744
138,484 1.106.752 1.360.012
274,3'3 1.590,947 2,370,664
133,455 1,235,286 1,507,307
193,558
137,820
Tot.exp.,incl.oth
16,548
28,288 --132,239 ---56,261
456,596 --296,236
16,396 -24,784 -272.116
58,058 -47,499
3,247
Net from railroad_ _ _ _
3,508
3,624
90,115
99,000
220.625
31,753
243,840
10,000
27,148
34,867
11,000
32,568
Taxes
160
13
480
1,964
106
885
17
179
23
Uncollectible revenue..
12.880
24,651
--124,264
--362,231
--165.956
212,650
--517,746
6,396
-74,647
23,174
--7,776
-88,948
Net after taxes, &c..
-1,921
5,801
--147,429
-342,576
-229,882
567.288
2,693
-17,461
-224,455
-3,051
95,380
-197.850
Net after rents
235
235
247
247
85
247
235
85
85
85
247
235
Aver. miles ofr'd oper.
St Louis San Francisco & Texas
West Jersey & Seashore
Pittsburgh Shawmut & Northern
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922
1921.
1922.
1921.
1922.
1922.
1922.
1921.
1922.
1921.
1921.
EARNINGS.
1921.
$
$
$
$
$
$
$
$
$
$
$
$
124,262
427,800 3,675,927 2,839,105
187,299 1,059,065 1.237,578
496.372
82,484
739.602
143,705
794,335
Freight revenue
15.037
853,000 6,393.592 6,942,989
16,998
975.326
135,046
Passenger revenue_
5,632
6.173
57,691
64.780
160,192
145,094
210,858 1,248,854 1,442,070
153,646
92,355
830.764
879,483
Tot.,incl. other rev. 1.574.061 1,365.120 10,890,240 10,428,578
20,160
178,835 1,481,187 1.521,791
186,754
32,093
Expenses-Maint.way
39,126
183,160
257,088
22.393
265,302
334,195
23,288
261,202 1,887 695 1.852,759
231,819
27,382
Maint. of equipm't_
25.597
385,237
400,296
33.300
209,019
273,044
152,194
123,997
14,585
3,820
22,653
3.176
1,424
14.633
13,852
Traffic expenses_ _ _
1,688
33.434
30.008
4,840.094
exp_
55.034
703,183
576.027
5.113.235
Transportation
61,272
36,832
369,476
411,178
61.914
514,685
720,038
Tot.exp.,incl.oth. 1,196.356 1,066,306 8,730,904 8,933,324
108,757
130,201 1,C83,019 1,418,551
118.516 1,012,925 1,153.014
126,676
377,705
298,814 2,15o36 1.495.254
36,337
80,667
26,970 -26,161 -182,161 --273,531
Net from railroad.. _ _
165,835
23,519
818,603
699,799
113.709
97,206
1.865
1,996
Taxes
2.236
2,269
20.011
20,219
16,779
17,013
21
8
653
317
Uncollectible revenue_
173
146
1,282
57
1.067
570
201,600 1,340,080
263,975
795,138
34,229
Net after taxes, &c..
24,588 --28.430 --203.454 --293.750
78,620
147,989
5,936
232.753
170,108 1,147,507
623,348
10,705
Net after rents
34,309 --28,009 --202,379 --175,404
57.784
49,271 -266,898
359
359
359
359
134
Aver. miles of r'd oper.
210
210
210
134
210
134
134
EARNINGS.

Peoria & Pekin Union

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30St Louis Southwestern
1921.
1922.
1922.
1921.
-Month of Scpte noer- -Jan. 1 to Sept. 301921.
1922.
1922.
1921.
1922.
$
$
$
$
$
1921.
$
$
$
1922.
1921.
Freight revenue
21.891
14,631
121,430
129,614
123,460
150,757
916,365 1.218,295 1,539,811 1,204.756 11,223.021 10,484,844
Passenger revenue.._ _
4,417
1,107
35,105
20,163
103,973
139,686 1,131,857 1,351,487
Tot.,incl. other rev.
157,825
147,177 1,308,999 1,234,851
149,527
194,403 1,293,205 1,697,603 1,690.367 1,408,218 12.871,797 12,359,173
Expenses-Maint.way
27,112
22,068
155,363
225,927
228,672
9,806
28,602
166,775
200,461
191,564 1.784,718 1,533,646
11,774
Maint. of equipm't_
24,470
128,291
216,837
280,256
2,562
16,636
106,414
72,446
189,309 1,794,244 2 008.845
Traffic expenses...._
331
13
37.560
2,150
986
651
43.362
229
2,061
1,006
376,468
416,838
Transportation exp_
61,038
62,381
489.465
556,991
658,074
52.837
58,413
469,322
346.090 3,559,324 3,561.493
641,772
Tot.exp.,incl.oth.
109,123
118,131
994,231 1.157,500
66,744
826,305 8,035,965 8,080,591
109,534
760,537
931,402 1,023,788
Net from railroad.. _ _ _
29,046
48,702
666.579
314,768
77,351
8,783
84,869
581.913 4,835,832 4,278,582
532,668
766,201
Taxes
102.736
15.000
131,500
123.001
27,198
80,497
12,933
13,655
131,696
125,782
643,492
528,698
222
Uncollectible revenue..
1.275
7,651
109
3,468
2,100
Net after taxes, &c..
33,702
563,621
573
183,268 --53,301
501.307 4,188,872 3,747,781
69,850
71,214
400,972
640,329
Net after rents
65,417
37,055
412,241
147,140
483,391
493,385 3,850,981 3,519,324
38,841
13,627 -13,289
101,159
Aver. miles ofr'd oper.
19
968
19
19
19
968
21
21
21
21
968
968
St Louis Southwestern Ity of Texas
Perkiomen
Quincy Omaha & Kansas City
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30-.'
1921.
1922.
1921.
EARNINGS.
1922.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
$
$
$
$
$
$
Freight revenue
824,348
85,349
847,660
105,365
78.172
593,291
93.444
527.306
662,771
501.414 4,243,292 4,204.18%
Passenger revenue.. _ _
92.687
11,106
77,257
10,143
27,545
80,033
23,457
212,231
236,708
113.460
775,011
948,607
Tot., incl. other rev.
957,317
100,133
119.851
952.611
115,142
128.715
822,241
711.383
975.151
657,465 5,359,194 5,552.392
Expenses-Maint.way
67,206
8,887
12,533
93,006
30,612
30,697
268,864
128,609
324,572
180.978 1,546,156 1,426,160
Maint. of equipm't_
3,980
37,691
3,960
36,387
16,402
20,012
134.598
147.971
157,524
135,186 1.312,496 1.487,321
Traffic expenses.. _ _
112
299
515
973
938
966
7,299
19,270
8,619
19,687
178,120
185.912
Transportation exp_
39,621
42,203
394,986
353,370
68,551
48,351
409.628
576,489
323.888
304,699 2.791,912 2,949,908
Tot.exp.,incl.oth.
53,515
509,506
489,327
60,802
121,913
99,639
838,776 1,088,037
648,115
671.676 6,095,562 6,373.236
66,336
39,331
463,284
447,811
Net from railroad.... _ _
6.802
15,503 --16,535 --112,886
63,268 -15.211 -736.368 -820.844
3,956
9,671
46,146
65,054
Taxes
3,925
26
35.287
33.223
24.000
24,003
216,000
216,056
Uncollectible revenue..
59
93
528
56
• 33
975
772
62,380
29.660
401,665
398,230
2,877
Net after taxes, &c_
15,418 --51,915 --146,637
39,212 -39,247 -953,343-1,037.672
56,728
23.160
347,233
347,334
3,168
7,070
Net after rents
97,851
184,316
39,817
--18,406
---891.021 -902.535
41
41
41
41
252
252
252
Aver. miles ofr'd oper
252
807
807
807
807
EARNINGS.

Pere Marquette

Richmond Fredericksb & Potomac

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1921.
1921.
1922.
1922.
1922.
1921.
1922.
$
$
$
$
$
$
$
3,042,454
21,587,701 21.459.324
319,317 4,162,808
2.636.146
502,245
Freight revenue
561.099 3,825,052 4,726,934
303.726
285,053 2.632.245
433,120
Passenger revenue......
946.638
718,837 8,084,749
Tot., incl. other rev. 3,370,584 3,901 902 27,984,584 28,339.147
524,411 3,351,085 3.374,306
125,805
81,438
978.188
399,184
Expenses-Maint.way
146,191
803,521 5,520,884 6,016,218
127,122 1,097,997
501,119
aint. of equiprn't_
465,915
440,684
8.323
7,177
49.122
72,941
47,476
Traffic expenses.._..
324,571
256,137 2.794.110
Transportation exp.. 1,234.101 1,251,733 10,614,060 11,537,649
645,830
508,654 5.354,476
Tot.exp.,incl.otb. 2,285,016 2,723,609 20,949,528 22.412.045
210,183 2,730,273
2
300.808
Net from railroad _ _ -- 1,085,568 1,178,293 7,035.056 5,927707
52,659
37,865
452,192
94,366 1,306,423 1,306,423
Taxes
140,023
6
4,121
4,121
56
771
1,034
Uncollectible revenue._
390
248,093
4,616,558
172,312
2,277,310
5.724,512
1,082,893
Net after taxes, &c_
945.155
142,735 1,873,309
215,339
916,495 4,610.628 3,502,674
Net after rents
789.460
117
2,218
117
117
2,218
2.227
Aver. miles ofr'd oper.
2,212
EARNINGS.




St Louis Transfer

Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1922.
1921.
$
$
3,955,023
2,791,131
7,639,686
57,590
85,288
546,396
830,000
1,123,346
10,954
7,912
92,170
85,033
1,300,754
4,953
3,500
40,600
• 35,118
72,820
155
194
1.593
1,856
3,158,116
33.188
30.958
297,240
322,655
6.055,870
50,671
44,424
446,312
462.136
1,583,816
6,919
40.864
100,084
367,864
317,182
889
370
5,058
4,557
103
8
177
186
1,266,531
6.030
40.486
94,849
363,124
901,635
-957
36,301
22,700
321.753
117
6
6
6
-6

12

RAILWAY EARNINGS

[VOL. 115. 41

Southern Railway System (Cond.) Southern Pacific System (amul.)
San Antonio & Aransas Pass
New Orleans & Northeastern RR
-Month of September- -Jan. 1 to Sept. 30Houston East & West Texas
1922.
1922.
1921.
1921.
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30-1921:
19k2.
$
1922.
$
1922.
1921.
1922.
1921.
$
$
1921.
505,442 3,223,666 3,585,070
541,119
Freight revenue
215,514 1,806,008 1,623.854
175,635
365,937 2,747,153 3,529,996
224,478
105,683
649,642
99,016
818,713
439,041
47,971
Passenger revenue_ _ _
71,491
374,566
44,974
687,672
86,046
818,385
647,435 4,146,667 4,675,860
681,127
Tot.,incl. other rev.
276,616 2,286,013 2,166,996
507,015 3,878,183 4,774,003
303,136
282,318
804,585 1,002,463
126,963
74.161
562,714
Expenses-Maint.way
68,564
460,810
66,642
80,335
51,583
617,184
804,959
963,905
114,547
119,804
974,798
293,664
Maint. of equipmrt_
459,565
41,282
94,786
117,282
52,482
919,653
974,691
9,613
84,699
9,524
88,912
31,928
Traffic expenses_ _ _
31,275
3,560
9,769
12,530
95,207
3,639
112,968
223,693
1,786,850 2.264.221
902,624
911.195
93,122
200.378
Transportation exp _
181,687
224,595 1,864,563 2,388.658
107,582
1.854,325
497.307 3,866 484 4,548,104
1,919,335
Tot.exp.,incl.oth. _ _ 423,904
208,424
372,767
456,320 3,680,540 4,475,823
215,478
150,128
280,183
257,223
127,756 --69,631
312,671
366,678
Net from railroad_ _ _ _
197,643
68,192
50,695
66,840
298,180
13,973
122,994
13,643
38,593
120,592
56,250
Taxes
36,357
52.961
7,037
6,813
341,659
411,495
240
2,531
1,634
823
3,328
104
742
161
Uncollectible revenue_
320
1,442
138
4,138
272,444
135,915
153,861
4,633 -106,149
309,605
243,476
Net after taxes, &c_
61,017
-3,008 -145,458 -117,453
59,707
17,344 -99,780
154,662
132,195
54,258
234,542
Net after rents
170,201
-3,598 -209,910 -243,973
37,748
45,545
738
739
739
738
191
Aver. miles ofr'd oper.
207
207
191
191
207
191
207
Gulf
Western
Northern
&
Louisiana
Alabama
San Antonio Uvalde
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1922.
1922.
1921.
EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
$
$
$
$
$
$
51,883
562,660
600,640
58,925
Freight revenue
111,888
57,029
862,600
502,852
2,194,940
2,075,211
246,542
245,992
24,398
157,541
19,381
223,984
12,676
Passenger revenue_ _ _
10,896
103,497
116,724
869,333
779,074
90,241
85,373
88,605
800,648
932,364
86,620
128,231
Tot.,incl. other rev.
70,644
989,973
643,354
355,070
348,224 3,064,744 3,256,859
18,350
133,839
15,510
133,813
Expenses-Maint.way
16,453
20,104
159,682
168,815
497,885
588,182
64,479
53,097
13,876
102,462
15,094
145,989
Maint. of equipm't_
6,657
1,627
51,060
33,061
677,038
571,702
55,965
62,640
2,660
25,755
27,863
3,075
Traffic expenses_ _ _
1,045
1,986
11,417
17,385
100,501
79,820
8,945
11,900
34,197
350,660
305,306
32,664
Transportation exp_
56,432
29,945
395,211
317,676
906,970 1,034,720
93,445
112,426
74,929
625,253
717.217
72.922
Tot.exp.,incl.oth
83,371
56,611
643,985
568,120
244,324
261,017 2,341,362 2,499,673
215,147
13,676
175,395
13,698
Net from railroad _ _
44,860
14,033
345,988
75,234
757,186
723,382
110,746
87,207
2,863
25,628
24,856
2.819
3,970
Taxes
3,809
36,227
31,243
235,637
25,890
23,710
223,564
778
70
1,141
52
Uncollectible reventte_
13
98
1,079
1,307
49
15
10,743
148,626
10,827
189.513
Net after taxes, &c_
40,890
10,224
309,663
43,978
520,470
84,807
498,511
63,482
94,993
2,827
45,382
-1,121
9,237
-1,688
Net after rents
85,486 -69,066
499,853
89,977
62,899
513,678
317
317
317
317
110
110
Aver. miles ofr'd oper
110
110
207
207
207
207
Seaboard Air Line
Southern Pacific System
Morgan's Louisiana & Texas RR
-Month of September- -Jan. 1 to Sept. 30Southern Pacific
-Month of September- -Jan. 1 to Sept. 30-1921.
1922.
1921.
1922.
EARNINGS.
-Month of September- -Jan. 1 to Sept. 301922.
1921.
1921.
1922.
$
$
$
$
1921.
1922.
1921.
1922.
$
$
$
$
2,603.259 2,197,636 22,804,635 21,375,295 11,399,574 11,794,098 86,655,891 90,775,580
Freight revenue
544,934
496,344 3,942,568 4,485,261
714,729 6,481,483 7,396,641 3,865,659 3,932,401 33,401.766 37,924,555
644,580
Passenger revenue_ _ _
151,453
158,591 1,360,817 1,492,474
Tot.,incl. other rev. 3,700,004 3,326,663 32,734,520 31,657,459 16,808,629 17,155,164 132684,350 143241,175
748,665
704,658 5,761,891 6,398,994
358,522 3,690,130 3,754,373 1,977.068 2,374,839 17,614,203 20,200,402
409,641
Expenses-Maint.way
175,611 1,233,700 1,517.215
131,954
554,546 5,726,127 5,878,604 2,941,828 2,613,966 22,981,468 24,417,049
795,891
Maint. of equipm't_
169,778
52,925 1,338,251 1,398,089
105,079 1,091,547 1,095,868
109,126
Traffic expenses_ _ _
237,853
224,381 2,112,970 1,981,792
15,263
157,097
18,818
144,133
15,730,740
13,897,957
exp_
1,461,524
1,454,652
Transportation
5,373,696 5,443,996 45,429.665 53,365,115
275,344 2,333,842 2.828.185
248.390
Tot.exp..incl.oth. 2,950,757 2,641,173 26,087,482 28,117,954 11,251.733 11,379,357 94,488 606 106792,272
603,445
559,635 5,391,854 6,227,914
749,247
685,490 6,647,038 3,539,505 5,556,896 5,775,807 38,195,744 36,448,903
Net from railroad
-t7,037
171,080
145,023 - 7
145,220
150,000 1,555,000 1,350,000
175,000
Taxes
502,785 1,139,315 11,243,475 9,070,926
374,985
418,175
34,015
46,043
245
366
4,417
10,341
Uncoilectible revenue_
2,221
2,107
57,977
27.492
1,708
2,148
400
429
574.002
535.124 5,087,621 2,179,164 5,051,890 4,634.385 26,894,292 27,350,485
Net after taxes, &c_
110.608 --49.846 --206.053
98.748
320,499
408,573 2,724,181
890,061 4,793,807 4,371,292 25,766,910 25,460,082
Net after rents
92,6/3 -176,333 -451,339
85,062
3,563
3,563
3,563
3,563
Aver. miles ofr'd oper.
7,118
7,110
7,118
7,110
400
400
400
400
Southern Railway System
Arizona Eastern
Texas & New Orleans
Southern Railway
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30-Month of September- -Jan. 1 to Sept. 30EARNINGS.
1922.
1922.
1921.
1921.
1921.
1922.
1921.
1922.
1921.
1922.
1922.
1921.
$
$
$
$
$
$
$
$
6,665,003 7,268.883 62,300,056 62,208,525
Freight revenue
203,489
158,461 1,963.447 1,613,512
554,077
485,429 4,642,254 4,598,069
2,600.289
_
_
2,798,019
22,144,092 24,480,233
Passenger revenue_
28,168
27,374
253.298
337,533
150,131 1,374,460 1,404.746
150.307
Tot.,incl. other rev. 10,137,296 11,016,590 91,535,8e5 94,942,852
244.498
196,980 2,306,467 2,120,167
672,308 6,398,765 6,349,131
746,756
Expenses-Maint.way 1,407,846 1,500,106 13,039,505 14,932,239
34,684
39.184
301,481
399,604
168,179
136,099 1,296,251 1,400,767
Maint. of equipm't_ 1,474,433 1,828,303 15,832,130 17,983,914
34,328
27,355
268,576
368,698
172,037 1,681,650 1,802.256
176,943
184,022
_
_
expenses_
1,915,425
205,060
1,851,976
Traffic
2,592
3,504
28,255
33,892
96,553
10,676
103,983
10,972
Transportation exp_ 3,984,992 4.165.814 36,674,902 42.494,259
74.064
52.797
670,622
793,221
239,074
251.642 2.462.545 2.752,665
Tot.exp..incl.othk. 7,422,894 8.105,837 70,943,734 81,216,946
169,257
138,276 1,442,756 1,817,262
627,047
592,214 5.815,172 6,338,219
Net from railroad_ __ _ 2,714,402 2,910,753 20,592,071 13,725,906
75,241
58,702
863,711
302,905
10,912
119,709
583,593
80,094
492,996
396,836 4,227.936 3,329,633
Taxes
27,212
24,024
218,310
199,183
168,758
28,614
13,496
209,204
4,070
8,079
Uncollectible revenue_
41.533
69,157
55
2,057
181
2,903
4.799
100
2,334
313
Net after taxes, &c_ 2,213,327 2,509,847 16.294,978 10,354,740
47,974
32,621
645,220
100,819
90,995
372,055 -162,645
66,285
1,569,095 2,206,949 12,801,964 7,196,191
Net after rents
33,607
23,250
515,632
11,597
-439,740
40,370
78,679
45,134
6,971
6,971
6,971
6,971
Aver. miles ofr'd oper.
382
382
382
382
475
507
475
507
Alabama Great Southern
Atlantic Steamship Lines
Spokane
International
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1922.
EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
1921.
1922.
i
$
$
$
$
$
$
$
$
$
$
$
325,427
547,551 4,399,822 4,985,923
Freight revenue
952,400
784,363 7,657,367 6,802,424
792,143
100,427
98,160
705,043
169,975 1,337,459 1,559,352
145,434
Passenger revenue_ _ _
59,848
63.011
469,553
536,900
17.309
143,727
15.518
116,215
759,082 6,088,431 6,966,910 1,062,196
517,598
Tot.,incl. other rev.
878,638 8,559,057 7,748,445
976,464
122,804
119,124
864,253
771,740 1,042,185
Expenses-Maint.way
87,129
99,092
16,377
15,342
115,489'
134,222
210,830
15,744
132,136
28,436
150,707 1.279,172 1,479,429
65,895
Maint. of equipm't_
282,300
279,756 1,717,313 1.909,688
78,606
9,732
75.457
11,226
199,957
162,586
22,179
16,929
Traffic expenses__ _
19,552
19,907
172,549
156,365
27,601
27,942
4,881
2,680
355,754 2.439,224 3,271,661
224,219
Transportation exp_
541.582 4,933,561 4.960,675
602.952
33,007
327,845
34,036
306,208
Tot.exp.,incl.oth.
659,719 4,921,571 6,276.260
420,772
882,215 7,183,553 7,415.777
951.280
601.482
69,973
705.394
82.659
690,650
99,363 1.166.860
-3,577 1,375,504
96,826
Net from railroad_ _
110,916
332,668
262,771
52,831
211,070
36,465
238,844
376,753
27,957
33,462
14,204
104,831
Taxes
11,653
106,387
7,627
49,336
5,477
66,226
3,484
1,649
113
18
6.558
Uncollectible revenue_
705
5
75
25
450,157
786,623
71,293
63,346
99.263 -17,781 1,264,115
Net after taxes, &c_
225,576
28.833
213,360
47,354
204.819
497,890
751,428
84,264
50,052
98,813 -18,081 1,266,940
115,867
Net after rents
20.587
151,824
39,931
147,787
313
313
318
318
Aver. miles ofr'd oper.
165
165
165
165
Cincinnati New Orleans & INcuis Pacific
Galveston Harrisburg & San. Antonio
Spokane Portland & Seattle
-Month of September- --Jan. 1 to Sept. 30-- -Month of September- --Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1921.
1922.
1922.
1922.
1921.
EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
$
$
977,861 8,840,614 9,461,876 1,512,453 1,500,650 11,719,141 13,508,059
759,275
Freight revenue
430,516
590,226 3,525,976 3,778,455
_
300,065
2,383,959
249,537
2.698.891
_
revenue_
Passenger
368.687
442,103 3,356,914 4.118,134
159,081
177.817 1,299.355 1,429,008
Tot.,incl. other rev. 1,090,769 1,354,025 11,828,027 12,921,233 1,985,158 2,076,936 15,968,577 18,880,493
659,625
839,945 5,323,461 5,712.998
178,701 1,464,026 1,803,252
Expenses-Maint.way
159,622
379,033
430.472 3,014,254 3,595,440
74,139
88,055
692,793
513,440
341.742 3,128,371 3,156,164
226,724
Maint. of equipm't_
394,193
367,764 3,119,046 3,842,199
109,493
800,054
102,723
793,475
_
29,656
255,327
27,861
266,786
Traffic
37,655
333,559
418,639
43,850
9,411
80,415
9,406
92,033
exp
expenses_.528,799 4,434,736 5,469.614
456,586
Transportation
812,501
724,102 6,377,177 7,386,127
203,169
236,013 1,783,244 2,023,993
Tot.exp.,incl.oth.
917,343 1,126,132 9,739,562 11,163,279 1,702,745 1.655,537 13,575,890 16,082,184
424,899
463,446 3,439.148 3,873,200
227,893 2,088,465 1,757,954
173,426
Net from railroad_ _ _ _
282,413
421,399 2,392,687 2,798,309
234,726
376,499 1,884,313 1,839,798
450,529
51,232
636,028
63,800
Taxes
56,532
41,292
380,234
784,036
460,371
732,800
60,000
95,000
347
6,402
510
164
lincollectible revenue_
1,122
235
8,321
9.504
7,326
986
22
176,314, 1,446,035 1,306,915
109,462
Net after taxes, &c_
224,759
379,872 1,922,812 2.410,749
281,477 1,150,527 1,047.441
174,726
201,254 1,004,454 1,406,408
38,904
Net after rents
161,901
966,575
341,898 1,538,408 1,626,955
1,048,894
279,622
169,716
338
338
338
338
Aver. miles ofr'd oper.
1,379
549
551
1,380
1,379
549
551
1,380
Georgia Southern & Florida
Houston 84 Texas Central
Staten Island Rapid Transit
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1922.
1922.
EARNINGS.
1922.
1921.
1921.
1921.
1922.
1922.
1921.
$
$
$
$
$
$
$
$
$
$
$
$
249,893 2,218,757 2,266,106 1,037,759
189,877
675,112
740,200
86,478
Freight revenue
938,882 7,349,884 6,969,765
61,585
764,297
885,560
77,471
949,121
97,896
305.257
107,193
965,899
Passenger revenue__ _
295,171 2.612.120 2,183,634
107,106
361,839 3,358,943 3,351,486 1,425,588 1,290,435 10,639,066 9,677,512
222,331 1,850,415 1,910,462
317,032
Tot.,incl. other rev.
202,183
732,206
560,580
469,619
77,049
53,869
211,543
64,058
Expenses-Maint.way
390,410
58,736
311,241 1,924,665 2,596,440
703,036
297,530
570,657
17,228
51,784
208,954
52,098
194,412 2,033,544 1,579,140
39,866
230,979
Maint. of equipm't_
79,975
1,516
78,298
17,422
8,531
24,015
7,638
1,642
16,780
_
_
expenses_
21,907
Traffic
213,747
191,126
105,298 1,064,563 1,119.219
413.410
182,199 1,479,927 1,925,170
119,923
144,203
432,771 3,755.292 3,827,028
Transportation exP193,894
1,972,047
3,562.034
899,773
234,638
318,276 2,825,093
1,882,229
995,748 8,290,210 8,498,021
284,550
Tot.exp.,incl.oth.
28,437 --121,632
533,850 -210,548
525,815
28,233
43,563
294,687 2,348,856 1,179,491 -32,455
32,482
Net from railroad26,941
152.000
154,270
20,000
44,796
154,719
134,941
2,614
17,148
18,547
322,040
395,239
Taxes
336
3,711
111
1,277
3
7,837
3,770
54
1,924
5.156
2,096
Uncollectible revenue_
1.160 -277,343 -110.418
479,742
371,294 -364,929
292,019 1,948,461
855,527 -52,458
26.415
11,839
Net after taxes, &c_
431,811
216,386 -570,567
242,136 1,640,761
29,171
485,892 --65,434 --10,250 --397,542 --213,422
2,145
Net after rents
23
23
23
402
932
402
23,
392
932
932
402
402
Aver. miles of r'd oper.
EARNINGS.




Nov., 1922.]

13

RAILWAY EARNINGS
Tennessee Central

Union Pacific System
Wabash.
Union Pacific
-Month of September- -Jan. 1 to Sept. 30-Month of September- -Jan. 1 to Sept. 301922.
1922.
1921.
1921.
1922.
1921.
1922.
1921.
$
$
$
8,803,321 9,993.869 55,067,363 60,173,315 3,538.643 4,088,950 32,630,828 34,169,368
Freight revenue
1,605,522 1.828,320 13,053,795 15,206,171
789,067
852,501 6,843,369 7,675,594
Passenger revenue_ _ _
11,280,849 12,759,483 75,012,189 82,790,882 4,763,877 5,259,295 42,740,987 44,361,073
Tot.,incl. other rev.
1,503,187
6,258.200 7,280,578
722.909
824,638
1,570,062
9.330.656
9.103,627
Expenses-Maint.way
2,407,737 2,178,052 15,611,416 16,803,048 1,142.959 1,026,818 8,461,265 8,931,403
Maint. of equipm't_
109,429
123.412 1,226,011 1,309,651
116,966
110.483 1,034.981 1,011,546
Traffic expenses_ _ _
3.198,009 3,353,634 21,991.610 24,647.736 1,972,889 1,935,257 18.123,744 19,203,095
Transportation exp..
7,763,253 7,684.799 52.461,768 56,418.853 4,104,602 4,082,145 35.406.682 38.280,616
Tot.exp.,incl.oth.
3,517.596 5,074.684 22.550,421 26,372,029
659.275 1,179,150 7,334,305 6,080,457
Net from railroad..„.._ _
593,775
147,793 1,697.006 1,327,206
627,278 5,210,124 4,757,539
188,556
Taxes
1,122
1,692
3,390
439
4,791
20,314
2,240
Uncollectible revenue_
11,966
2,922,699 4,445,714 17,335,506 21,602,524
467,329 1,028,918 5,616.985 4.751.011
Net after taxes, &c_
2,845,281 4,086,693 17,040,175 20,180,973
219,377
751,951 3,244,356 2,589,019
Net after rents
3,707
3,614
2,472
2,472
2,472
2,472
Aver. miles ofr'd oper.
3.688
3,614
Terminal RR Assoc'n of St Louis
Oregon Short Line
Western Maryland
Terminal Railroad Association of St Louis -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30-Month of September- -Jan. 1 to Sept.
EARNINGS.
1922.
1921.
1922.
1,921.
1921.
1922.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
S
$
Freight revenue
2,906,073 3,407,768 19.609,915 19,096.624 1,632.484 1,232,492 11,262,704 11,686.270
Passenger revenue_ _ _
481,023
917,047
529,916 4,164.750 4,738,595
100,993
742,217
91,793
345,926
389,551 3,324,892 3,304,807 3,614,100 4,197,306 25,690.735 25.977,986 1,819,778 1,411,641 12,908,023 13,359,185
Tot.,incl. other rev.
98,465
98,533
724,550
Expenses-Maint.way
803,997
491,941
601,149 4,113,507 4,331,711
212.358 1,761,262 1,667,474
287.602
82.281
38,643
376.239
Maint. of equipm't_
330,641
621,009
273,969 2.723,252 3,090,393
599,157 4,883,396 5,112,944
423,272
945
927
Traffic expenses_ _ _
9,518
8,970
39,227
42.672
310,434
258,619
34,161
31,950
401,902
395,628
161,035
124.896 1.132,650 1,206,045 1,484.408 1.164,661 8.699.567 8,654,380
Transportation exp.
476.921 4.620,128 5,007,842
664,772
349,329
277.972 2,325,257 2,465,610 2,805,701 2,580,953 19,676,955 20.150,240 1,476,600 1.058,055 10,026,435 10,663,604
Tot.exp.,incl.oth.
-3,40g
111,57
Net from railroad_ _ _ _
999.635
839JT7
808.399 1,616,353 6,013,780 5,827.746
353,586 2,881,588 2,695,581
343,178
Taxes
100,375
59,984
501,744
538,780
258,777
430,000
593,731
310,046 2.466,145 2,453.993
60,000
56,330
59
8
Uncollectible revenue_
790
81
423
6.057
2,400
-63.446
Net after taxes, &c_
497,101
11.196
300,336
549,199 1.306.307 3,541,578 3.371,353
283,178
297.256 2.451,588 2.101,850
Net after rents
23,079
125,673 1,525,786 1,321,779
517,910 1,203,271 3,352,808 2,984.314
267,211
242,922 2,272,686 2,201,556
Aver. miles ofr'd oper.
37
37
37
37
2,364
2,359
800
2.360
804
804
804
2.359
St Louis Merchants Bridge Terminal
Oregon Washington RR & Navigation
Western Pacific
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1922.
1921.
1921.
EARNINGS.
1922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
$
$
$
i
S
$
S
Freight revenue
1,990,764 2,263,621 14,345,771 14,902,058 1,112,715 1,005,524 6,374,926 6,617,399
Passenger revenue.
553.209
585.575 4,311.692 4,861.639
208,582
200,133 1,741,485 1,922,374
Tot.,incl. other rev.
418.650
325,191 2,785,261 2,663,256 2,767.385 3,075.125 20,499,723 21,605,265 1,411,951 1,281,436 8,729.245 9,093,096
43,240
53,539
369,870
424,940
636,180
626,678 4,571.756 4,758,644
Expenses-Maint.way
1.10.049
196,881 1.488,704 1,638,977
31,842
22,136
250,003
224,850
Maint. of equipm't_
520,535
491,860 3,875,932 3,776.824
209,471
190.400 1,581,343 1.767,939
835
926
Traffic expenses__ _
8,454
8,895
540,234
55.724
545,722
59,101
33,316
294,774
28,271
281,311
146.347 1.249,646 1.478,962 1,206,000 1,193,322 9.118,355 9,075,003
132,887
Transportation exp..
436,502
418.872 3,278.187 3,459,266
214.603
229.941 1,919,654 2.199.176 2,571,184 2,536,991 19.493,851 19,673,922
931,688
Tot.exp.,Incl.oth.
890.483 7.169,882 7,698,399
204,047
95.250
Net from railroad_ _ _ _
865,607
464,080
196.201
538,134 1,005,872 1.931,343
480.263
390.953 1,559,363 1.394,691
25,664
27,553
176,923
Taxes
159.698
181,051
180,665 1.630,375 1,628,963
140,368
746,937
76,171
774,329
278
211
Uncollectible revenue
219
535
734
142
600
86
801
178.383•
688,406
67,697
Net after taxes, &c
304,171
357,469 ---625,038
14,931
301,646
403,.50
250.499
811,826
619,561
166,975
828,302
87,144
Net after rents
448,965 -76,309
223.733 -1,344,234 -540,082
399,018
251,975
967.752
951 171
9
9
9
Aver. miles ofr'd oper.
2,231
9
2,237
2.229
2,224
1,045
1,044
1.011
1,011
Texas & Pacific
St Joseph & Grand Island
Western Ry of Alabama
-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to Sept. 301922.
1921.
1922.
1921.
EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
$
$
1,904.192 1,685,642 15,071,876 17,667.048
Freight revenue
229,855
293,028 1,909,747 2,021,706
152,965
149,891 1,097,294 1.044.889
607,977
724,789 5,267,070 6,694.893
Passenger revenue.._ _
25,195
228,198
28,644
273.543
72.285
69,253
585.570
649.989
Tot.,incl. other rev. 2,719,009 2,599,806 22,021,594 26,201.543
274,371
338,248 2,288,938 2,449.255
249.671
241,906 1,892,328 1,879,647
407.330
346,619 3,883,809 4,463.763
Expenses-Maint.way
46,990
65,540
424,890
506,546
28.841
32,256
239,701
267,563
672,024
474,268 4,402,485 5,C76,201
Maint. of equintn't_
72,686
55.898
439,954
445,815
45,254
401,212
60,066
497,698
51,158
46,868
Traffic expenses...
434,780
464,718
2,376
2.871
22.873
24,400
9,004
7,744
76,160
72,121
1,012,864
1.187,873
8.390,414
Transportation exp_
10,629,038
114.667
129,427 1.014,350 1,108,788
79.604
69,799
624,065
681,900
Tot.exp.,Incl.oth 2,257,722 2,173,432 18,116,389 21,760.683
247,971
265.360 2.010.146' 2,212,429
174,802
182.669 1,465,116 1,647,912
461,287
426,374 3.905,205 4,440,860
Net from railroad...._ _
26,400
72,888
278,792
236,826
74,809
59,237
427,212
231,732
100,000
110,000
Taxes
975,365 1,113.321
16,195
16,202
156,832
117,318
21,952
107,017
7,121
72,248
2,703
103
2,310
Uncollectible revenue_
8,216
310
14
498
1,984
40
18
53
361,184
313,671 2,927,530 3,319,332
Net after taxes, &c_
9.895
56,672
121,462
117,524
52,877
320.142
159,475
52,116
275.431
206,010 2,314,911 2,395,305
Net after rents_ __. _
1,063
44,167
42,376 -24,071
32
55.998
173,319
51,770
0
61
1,952
1,952
1,952
Aver. milas ofr'd oper.
1,950
258
258
258
258
133
133
133
133
EARNINGS.

-Month of September- -Jan. 1 to
1921.
1922.
1922.
S
$
$
137,296 1,189,186
198,687
57,099
325.296
41,809
210,416 1,613,559
254,317
47,912
39,099
257,639
37,332
42,174
227,915
5,525
4,862
44,915
109,095
88.914
697.330
200.417
194.304- -T72.7i,'32
16,113
53,900
319,797
5,099
2,286
35,223
1
2
48,801
13,826
284,572
-6,899
6,643
86,152
292
292
292

Sept. 301921.
S
1,193,894
465,988
1,770,222
406,101
363,497
43,980
940,119
1.853,657
-83,435
40,224
415
-124,074
-286,972
292

$

.5

$

$

$

Toledo St Louis & Western
EARNINGS.
Freight revenue_. _ _ _ _
Passenger revenue...._
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp_
Tot.exp.,incl.oth.
Net from railroad......
Taxes •
Uncollectible revenue_
Net after taxes, &c_
Net after rents__ _ _ _
Aver. miles ofr'd oper.

-Month of September- -Jan. 1 to
1922.
1921.
1922.
$
S •
$
1,028,526
721.014 7,317,867
30,431
29,542
267,293
1,102,485
791,319 7,942,474
122,165
125,563
980,920
127,397
147,553 1.211,595
22,280
19,917
193,490
348.806
253,227 2.518.823
838,832
567,763 5,316.765
263,653
223,556 2,625,709
102.773
35,999
480.773
31
53
1,102
187,504 2,143,834
160,849
154,776 1,852,445
96,717
454
454
454

Freight revenue
Passenger revenue......
Tot.,incl. other rev.
Expenses--Maint.way
Maint. of equipm't_
Traffic expenses.....
Transportation exp..
Tot.exp.,incl.oth.
Net from railroad_ _ _ _
Taxes
Uncollectible revenua_
Net after taxes, &c..
Net after rents
Aver. miles ofr'd oper.

Freight revenue
Passenger revenue_ -Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp..
Tot.exp.,incl.oth.
Net from railroad....Taxes
Uncollectible revenue_
Net after taxes, Ice_
Net after rents
Aver. miles of r'd oper.

$

Utah

181,11a

Virginian

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1921.
1922.
1922.
1921.
1922.
1922.
1921.
S
$
$
1,132,005 1,081,345 12,996,721
608,907
80,830
79,173
753,784 8,320,821 7,294,318 1,297,386 1,271,709 14,542,992
1,016,401
68,776
658,943
72,916
229,064 1,635,581
588,020
170,977
186,418 1,593,946 1,965,798
160,138
335,097 3,454,872
403.201
190
2,061
104,536
11,011
162
12,741
2,198
286,913 3,426.011 3.465,675
456,548
382.373 3.462.560
437.886
549.101 5,744.268 6,091.082 1,047,876
976,948 8,924.249
696,587
204,683 2,576,553 1,203,236
294,761 5,618,743
319,814
249,510
106,745
6,000
104.092 1.082,195
80,495
Cr6,000
149,960
166
3,255
102
198,683 2,469.808 1,119,486
190,567 4,536,382
325,814
99,550
3,078,688
1,667,634
284,26/
191,348 4,665.729
133,570
450,663
45
45
45
527
526
540
45




Wheeling & Lake Erie

Vicksburg Shreveport & Pacific

-Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1922.
1921.
1921.
1922.
1922.
1921.
1922.
$
$
$
$
$
$
$
539,426
71,336
68,670
646,127
170,233
245,798 1,665,292
436,695
55.916
50,138
480,603
83,472
85,940
811,535
158,149 1,287,370 1,375,925
155,086
277,918
352,976 2,671,738
207,803
34.664
16,066
172,377
56.494
62.396
479,048
199,095
34,757
19,124
197,245
54,113
33,980
465,338
29,725
2,145
2,150
29,672
8,C57
9,408
89,166
646,354
83.962
84,483
713,045
122,249
120.855 1.058.879
164,281
130,797 1,160,164 1,194,812
256,028
242,369 2,234.934
-9,195
127,206
27,352
21,890
110,607
436,804
54,056
6,003
6.563
62,743
17,279
169,875
23,565
1
1,251
328
50
20,789
-15,198
73.149,
118,370
86.992
265,678
4,283
13,782
-17,369
38.872
69,483
196,908
69,387
-237
128
128
128
128
171
171
171

Union RR (of Pennsylvania)
EARNINGS.

$

Sept. 30- -Month of September- -Jan. 1 to Sept. 30- -Month of September- -Jan. 1 to
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
$
$
$
$
$
$
$
$
6.203,669
125,055
129.635 1,224,726
836,533
767.132 1,171,868 8,496,595
282,681
859
747
6,714
5.263
619.699
51,655
74,805
6.773.809
126,948
131,763 1,243,947
853,241
935,247 1,358,446 9,930,429
1,C90.084
34,985
28,002
211,161
201,799
214,847
187,159 1,669,916
1,441,743
31,475
33,801
328,594
295,259
313,C86
318,783 2.236,186
182,766
392
655
3.368
160.295
16,864
17,111
3,559
2.491.762
41,158
26,588
303,681
227,006
431,718
447.889 3,710,955
5,354.069
113,035
93,180
890,114
754,584 1,011,044 1,010,484 8,114,242
1,419,740
13,913
38,583
353,833
347,962 1,816,187
98,657 -75,797
314,911
6,143
10,618
88,294
94,963
57,283
971,666
76,305
107
970
531
99
2
4
1,104,722
7,770
27,965
843.990
296,548
252.029
22,348 -164.190
872,359 --19,277
24,109
177,755 -38,929 -212,574
220,028
590,042
454
102
98
102
511
511
511
98

Ulster & Delaware
EARNINGS.

$

Sept. 301921.
$
9,588,721
737,335
11,166,805
1.520,903
2,542,625
133,116
4,268,556
8,855,133
2,311,672
736,072
1,129
1.574.471
1,317,274
511

Wichita Falls & Northwestern

Sept. 30- -Month of September- -Jan. 1 to
1921.
1922.
1921.
1922.
$
$
S
S
820.115
2,095,241
102,845
183,279
201,077
35.226
810,852
21,201
134.313
233,879 1,107,565
3,068,977
250,343
530,462
30,690
41,877
584,335
152,568
10,742
25,813
87,094
8,288
864
892
471,243
1,170,093
47,770
59,735
, 2,522,205
955,742
97,597
134,715
546.772
151,823
36,716
99,164
156,331
10,833
104,680
10,867
579
10
1,140
36
389,862
25.873
88,261
46,003
259,560
--1,624
64,923 -119.119
171
329
328
329

Sept. 301921.
S
1,762,589
285,494
2,138.002
347,590
283.881
8,731
708,628
1.413,542
724,460
97,799
395
626,266
432,578
328

Yazoo & Mississippi Valley

Sept. 30- -Month of September- -Jan. 1 to
1921.
1922.
1921.
1922.
i
$
12,074,366 1.387,817 1,347,161 9,924,067
740,739
343.409
329,117 2,829,602
13.866,537 1,840,197 1,799,067 13,588,643
1,836,920
437.531
445,835 3.207,117
2,872,233
365,206
430,790 2,742.282
94,464
232.172
24.841
22,151
4,101,847
640,640
609,904 5,537,859
9,153.763 1.515.792 1.559,295 12,145,378
4,712,774
324,405
239,772 1,443.265
900,562
117.180
119,639 1,062,200
333
731
2.452
88
3,811,879
206,494
120.045
378,613
3.960.501
196,724
113,960
348,298
526
1,380
1,381
1.381

Sept. 301921.
10.955,628
3,098,266
14,879,952
3,175,255
3,296,914
226,056
6,514,306
13.697.581
1,182,371
1,005.175
920
176,276
135,516
1,381

[VOL. 115.

RAILWAY EARNINGS

14

COMPANY RETURNS
All the figures in the foregoing pages are transcripts of the monthly returns as filed with the Inter-State Commerce Commission at Washington. A few railroad companies also issue monthly statements of their own, and sometimes these company statements go beyond the requirements of the Commission and give added items of information. -Besides this, a number of companies
-notably the Pennsylvania Railroad-issue consolidated statements, showing results for the system as a whole, whereas the Commerce Commission requires returns from each constituent road separately.
It is our purpose that each issue of the "Railway Earnings Section" shall furnish an absolutely complete record of all monthly
returns, in whatever form issued, that may be put out by any steam railroad in the United States. Accordingly, we bring together here all the company statements where they differ in any way from the returns to the Commission, or where they embrace
more facts than are contained in such returns.
It should be distinctly understood that where the company statements are identical with those rendered to the Commerce Commission,
and do not include any additional items, we do not undertake to repeat them here. In such cases the reader must look for the figures
among the detailed statements on preceding pages, which include every steam road that is obliged to make monthly returns to the Commission.
Bellefonte Central

St. Louis-San Francisco

-Month of August- -Jan.lto Aug. 311921.
1922.
1921.
1922.
47,976
6,999
66,138
9,982
58,130
5,596
8,131
54,520
1.403
1,851
11,617 -10,154
1,608
960
201
120
10,657 -11,762
1,202
1,731

(Including Subsidiary Lines)
Gross receipts
-Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1922.
Operation
5,165
5,165
5,165
Mileage
5,165
Net
$
$
$
$
Interest and taxes
Freight revenue
4,544,826 5,306,220 42,671,459 43,711,239
Surplus
1,569,227 1,728,393 13,987,798 16,378,477
Passenger revenue
574,812 4.657.698 4,072,026
616,461
Miscellaneous revenues
Canadian Pacific
6,730,514 7,609,425 61,316,955 64,161,742
Total operating revenues
9,426,455 7,729,570
1,004,400
1,069,509
of
structures
Maintenance
way and
-Month of September- -Jan. 1 to Sept. 301,320,426 1,420,186 11,624,332 11,944,871
Maintenance of equipment
1921.
1922.
1921.
1922.
25,703,452
22,880,750
2,569,959
2,763,641
Transportation
expense
Gross earnings
18,149,528 19,494,761 124826,771 136387,627
324,853 2,396,557 2,640,478
254,936
Working expenses
13,563 595 15,174,711 105518 422 114486,956 Miscellaneous expenses
48,018,371
46,328,094
5,320,398
5,408,512
Total
expenses
Net profits
4,585,932 4,320,049 19,308,349 21,900,671 Taxes, operating
hire of equip., joint facility
348,838 3,652,329 3,104,502
567,044
rents (less other income)
Balance available for rentals, sink.
Fonda Johnstown & Gloversville
1,940,193 11,336,534 13,038,872
754,958
funds,
&c
charges,
fixed
-Month of August- -Jan.1 to Aug. 311921.
1922.
1921.
1922.
$
$
Operating Income$
$
303,946
Freight revenue
302,432
40.370
36,767
St. Louis Southwestern
31,638
27.567
7,020
6,737
Passenger revenue-steam division
533,174
541,034
Passenger rev.-electric division.._
67,903
64.460
St. Louis Southwa stern of Texas)
(Including
All other rev, from transportation_
18,946
29,545
1,691
4,547
10,566
Rev,from other railway operations
7,492
2,241
1.071
-Month of September- -Jan. 1 to Sept. 301921.
1922.
898,273
908,071
113,583
Total operating revenues
119,226
1921.
1922.
S.
$
$
$
591,419
69,516
70,213
540,889
Railway oper. exp.(not incl. taxes)
2,401,749 2,065,683 18,230,990 17,911,565
306.853 Operating revenues
49.012
44,067
Net rev,from railway operations
367,181
1,498.981 14,131,527 14,453,827
1.671,903
Operating
expenses
44,600
46,200
Railway tax accruals
5,575
5,775
566,702 4,099,463 3,457,738
729,845
Net revenue
43,437
262,253
38.292
320,981
Railway operating income
747,626
863,934
104,642
127,013
-461 Deduct tax accr. & uncoil. ry. rev_
3,543
12,658
10,069
Miscel. oper. income (or loss)
261,791
46,981
48,362
333.640
Total operating income
462,059 3,235,528 2,710,112
602,832
Railway operating income
761,815
692,903
101,394
41,351
Non-operating income
27,497 Add non-operating income
3,394
26,163
3,505
563,454 3,928,432 3,471,927
644,183
Gross income
289,289
Gross income
50.487
51,757
359,803
280,808 2,584,139 2,512,718
295,071
Deduct-Rents for leased roads__
675
675
5,400 Deduct interest, rentals, &c
5,400
959,209
282,646 1,344,293
Net income
349,111
Other rents accrued-debits_ _ _ _
29,024
4,557
33,551
3,577
Interest on funded debt
212,833
26,549
212,393
26,604
Interest on unfunded debt
284
7,024
796
3,568
Miscel. inc. charges (Fed. taxes)
2,861
2,706
Total deductions from gross Inc_
32,066
31,653
257,143
257,620
Southern Pacific
Net income
19.691
32,14j,
18,834
102,182
-Month of September- -Jan. 1 to Sept. 301921.
1922.
1921.
1922.
Illinois Central System
11.184
11,224
11,184
11,224
Average miles of road operated_ __
$
$
$
$
Revenues(Including Yazoo & Mississippi Valley)
16,768,600 16,691,327 128492.603 133155.209
Freight
-Month of September- -Jan. 1 to Sept. 30- Passenger
49.457,272
44,113,291
5,221,854
5,074.093
1922.
1921.
1922.
1921.
295,359
267,122 2,582.448 2.690,712
Mail
16,550,546 13,920,300 124016,651 119829,225 Express
RallWay operating revenues
533,887 4,796,089 5,752,836
606,170
Net railway operating income,after
464.158 4,225,211 4,285.412
497,042
transportation
other
All
2,677,010 1,604,886 17,971,663 13,820,664 Incidental
deducting oper. exp., taxes, &c
524,567 4,397,664 5.376,305
547,654
128.659
183,448
12,334
11,738
Joint facility-Credit
The Kansas City Southern
-3.002 -40.477 -41.357
-2.701
Joint facility-Debit
Railway operating revenues.._ _ _23,797,938 23.712,268 188750,281 200801,053
(Including Texarkana & Fort Smith)
Expenses-Month of September- -Jan. 1 to Sept. 30- Maintenance
of way and structure 3,064,619 3,644,560 26,926,083 31.320,275
1922.
1921.
1921.
1922.
4,332,592 3,824.104 34,311,690 36,386,059
Maintenance of equipment
1,781,560 1,819,418 14,725,864 16,560,967 Traffic
Gross revenue
359,489 3,222,322 3,183,894
361,593
1,319,675 1,304,168 10,993,474 12,023,847 Transportation
Operating expenses
8.002,477 7,960,412 68.117364 78.203.051
515,249 3,732,389 4,537,120 Miscellaneous
461,885
322,899 2,965,042 3,249,717
Net revenues
348,194
963,426
100,811
775,059 , General
105,749
684.519 6,132.179 6.4.31,951
Taxes
710,526
•:---70.587 -24.948 -316,499 -315.311
414,438 2,768,963 3,762,060 Transp'n for Investment-Cr
356,135
Operating income
Railway operating expenses____16,749.415 16.771,035 141357,982 158459,637
IncomeMissouri Kansas & Texas
Net rev,from railway operations._ _ 7,048,522 6,941,232 47,392.298 42,341,416
-Month of September- -Jan. 1 to Sept. 30- Railway tax accruals
764,470 1,311.646 13,439,431 10,986.273
1922.
50,924
1921.
1921.
85,596
1922.
5,323
5,573
Uncollectible railway revenues_ _ _ _
3.737
3,783
3,783 Equipment rents (net)
444,770 2,790,281 3.775,902
3,737
475,278
Miles operated (average)
4,830.923 5,368,667 38,966,711 47,335,080 Joint facility rent (net)
-2,385 -16,345 -227,090 -646,056
Operating revenue
3,799,676 4,085,176 28,063,428 37,484,235
Operating expenses
Net railway operating income.._ 5,805,586 5,200,609 31,304,079 27,336.440
1,031,246 1,283,491 10,903,283 9,850,844
Net operating revenue
Railway operating expenses for August 1920 included back pay account of
229,170 2,060,281 1,927,824
207,671
Taxes accrued
to $6,029,000. also the amount of reserves set up
Labor
823,574 1,054,320 8,843,002 7,923,019 in the Board award amounting
Operating income
accounts for that month account of various unaudited liabilities applicable
936,320 1,334,547
104,667
129,743
Deduc,from income,less other Inc_
to the guaranty period.
949,652 7,906,681 6,588,472
693,830
Balance

Pennsylvania System

Union Pacific

-Month of September- -Jan. 1 to Sept. 30-Month of September- -Jan. 1 to Sept. 301921.
1922.
1922.
1921.
1921.
1922.
9.366
9,418
9.a73
9,447
Average miles of road operated__
$
$
$
$
$
$
Revenues$
$
Operating
Revenues43,704,485 35,018,706 328773,256 310974.555 Freight revenue
103155,597
98,058,179
Freight
16,550,519
14,723,218
17,468,867 16,365,944 131663,611 143026,023 Passenger revenue
Passenger
3,115,377 3,384,027 25,438,501 29,158,874
849,377 7,752,727 9,720,335
867,769
Mail
368,488 3,176,961 3,283,042
372,977
719,170 10,208,508 7,035,477 Mail revenue
1,333,787
471.098 3,151,669 3,451,838
Express
390,853
Express revenue
9,927,438
11,065,094
1,196,021
1,447,774
3,237,015 3,393,833
424,925
All other transportation
374,441
All
other
transportation
1,972,069 1,535,347 15,444,314 15,318,812 Incidental
320,075 2,393,331 2,605,857
Incidental
320.170
449,769
347,414
52,587
36,301
Joint facility-Credit
135455,656
145049,041
21,519,132
186,992
218,203
revenues____19,297,036
Railway
23,230
operating
26,340
Joint facility-Debit
Operating Expenses66,804,712 55,713,322 505036,721 496265,517 Maintenance
Railway operating revenues_
of way and structures 3,047,655 3,047,433 21.007.969 21,410,474
3,970,448 3,652,109 27,536,822 28,818,647
ExpensesMaintenance of equipment
7,408,924 62,396,787 61,491,571 Traffic
255,016 2,591,313 2,680,939
245,307
Maintenance of way and structures 8,569,574 13,193,858
124552,762 126069,187
16,022,982
6,198,725 44,506,601 47,384,070
6,435,256
Maintenance of equipment
Transportation
615,492 5,533,828 5,705,524 Miscellaneous operations
585,774
350,886 2,847,832 2,939,491
360,535
Traffic
27,800,008 22,868,765 197807,584 221980,942 General
616,977 5.289,865 5,611,178
542,012
Transportation
793,629 7,528,375 7,422,486 Transport'n for investment-Cr
993,769
-19,132 -70,970 -59,886
-8.907
Miscellaneous operations
1,388,059 1,436.476 12,896,487 13,694,934
General
14,592,306 14,102,014 103709,432 108,784913
Railway operating expenses_
41.314
30,476
835
7.485
Transp'n for investment-Credit_
Income430393.330
Railway operating expenses_ -- -55,352,681 16,316,409 4106k5.347
Net rev,from railway operations.... 4,704,730 7,417,118 31,746,224 36,264,128
1,145,992 1,224,899 10,304,839 9,721,149
94,351,374 59,942,187 Railway tax acrruals
Net rev,from railway operations11,452,031 9,397,513 24,349,247
1,649
11,741
22,622,847 Uncollectible railway revenues.-15.833
1,836
3,506,016 3,257,393
Railway tax accruals
111911 Railway operating income
3,556,900 6,190,570 21,429,644 26,527,146
86.139
5,676
8,223
Uncollectible railway revenues......
-158,719
6
-551,486-1.016,176--2,483,49
Equipment
rents,
net
7,937,792 6,134,444 0,915,988 57,269,429 Joint facility rent, net
Railway operating income
-52,527
-534.226
-72,900
-522,143
856,742 6,505,880 8,741,181
563,847
Equipment rents-Net debit
5,586.557
19,879.242
3,325.281
1,496.798
349.807
Net
23,521,507
Joint facility rents-Net debit_ _ _ _ Cr53.599 Cr441.257
76.56
65.53 •
75.62
over exp.)
75.00
Net railway operating income
7,427,544 4,836,445 63,060,301 27,031,450 Oper. ratio (revenues




NET INCOME UNDER GOVERNMENT CONTROL
AS COMPARED WITH THE GUARANTEED RENTAL.
From tabulations prepared by the United States Railroad Administration we have compiled the following statement
showing for all of the Class 1 roads-that is, all roads whose gross revenues from railway operations exceed $1,000,000 per
annum-the Net Federal Income for the calendar years 1919 and 1918, in comparison with the "Standard Return," or
Government Guaranteed Rental.
The compilation enables any one to see whether during the period of Government control any given road was operated
at a loss or profit to the Government and the extent of such loss or profit. It will be observed that only in a few exceptional
cases did the Government derive a ,profit from the operation of the roads. The Standard Return represents the average
net income for the three-year "test' period, that is, the three years ending June 30 1917, this being the income which the
Government agreed to pay to the roads as compensation for the use of their property.
The 1919 and 1918 figures of Federal Net Income, the Railroad Administration states, have been taken from the
monthly returns which the roads are required to file with the Inter-State Commerce Commission and which are given
from month to month in this publication. The figures referred to represent only the last item in these returns. Any
one desiring the full details for the different roads, including gross revenues, expenses, &c., will find them in the issue of
this publication for March 13 1920.
Average -Net Federal Income- Standard
Return
Miles
Entire Year
1918.
of Road.
1919.
Eastern Region.
$
2
$
New England District1,555,775
607,177
107,731
632
Bangor & Aroostook
4,063,131
2.232,916
394
1,951,199
Boston & Albany
9,832,491
1,895,400
3,577,108
Boston & Maine
2,376
1,468,124
,
Central New England301
828,625
Central Vermont
536 def871:205 def689,469
def4,271
Grand Trunk in New England 172 def766,5/4 def1,105,677
2,955,697
Maine Central
1,216 def1,212,203 def581,781
7,769,005 17,173,367
N. Y. N. H.& Hartford
6,929,382
1,966
1,023,883
42,165
223,058
Rutland
415
Total

8,008

9,775,418

10,227,504 38,901,093

Central District175,013
Ann Arbor
575,137
301
1,086,378
Buffalo Rochester & Pittsb_ -- 590 dell,075,870
2,451,695
2,054,575
Delaware & Hudson
875
Delaware Lack. & Western
996 11.809,921 15,973,193
34,304
def89,596
Detroit & Mackinac
382
467,806
62
916,852
Detroit & Toledo Shore Line..
1,036,370 def2,246,652
2,259
Erie (incl. Chicago & Erie)
203,930
2,309,600
Grand Trunk Western Lines.._ 1,002
363,664
395.718
97
Lehigh & Hudson River
1,197,761
927,354
232
Lehigh & New England
6.821,131
3,776,291
1,436
Lehigh Valley
1,862 16,969,157 13,692.236
Michigan Central
1,041,104
650,615
108
Monongahela
5,682 48,201,701 46,035,695
New York Central
3,893,167
4,048,631
574
N. Y. Chicago & St. Louis_
795,047
576,100
N. Y. Ontario & Western_ --- 569
N. Y. Susquehanna & West524,551
226 def/85,671
ern (incl. W. B.& E.)
2,232 6,717,880
3,851,485
Pere Marquette
225
9,880,183
3,501,821
Pittsburgh & Lake Erie
103 def177,302
130,435
Pittsburgh & Shawmut
63 def648,908 def3/9,631
Pittsburgh & West Virginia
129 def/52,754
def57,775
Ulster & Delaware
864,445
2,504
3,714,172
Wabash
Total

526,883
3,276,410
7,409,600
15,749,477
310,664
456,512
15,729,068
1,076,017
519,371
1,135,761
11,318,714
8,052,127
583,086
51,739,500
2,218,857
2,103,589

Average -Net Federal IncomeMiles
1918.
1919.
of Road.
$
8
Northwestern Region.
Chicago & North Western__ 8,090 12,771,197 12,498,939
61,009
1,126,605
1,496
Chicago Great Western
3,933,874
3,250,867
Chicago Milw & St. Paul__ _10,647
2,631,520
2,698.776
1,749
Chicago St. Paul M.& 0
3,824,716
3.082,978
289
Duluth & Iron Range
411 11,401,721 12,495,342
Duluth Missabe & Northern_
267.704
def22,5/7
599
Duluth South Shore & Atlan_
4,781,037
3,322,507
829
Elgin Joliet & Eastern
8,219 12,827.280 12,368,069
Great Northern
10,827
101 def107,154
Mineral Range
238,577
1,647 def3/4,698
Minneapolis & St. Louis
3,925,862
5,057,635
Minn. St. Paul & S. S. Marie_ 4,243
6,593 18,450,790 28,317,433
Northern Pacific
4,490,859
3,224,299
Oregon-Washington RR.& N. 2,070
2,694,420
1,652.116
538
Spokane Portland & Seattle

999,942
3,748,196
8,980,219
613,261
237,010
128,009
5,826,810

22.511 103.611,503 109,099,456 142,739,083

Ohio-Indiana DistrictChicago Indianapolis& Louisv 657
322
Cincinnati Indianap & West
252
Cincinnati Northern
Cleve. Cin. Chicago & St. L.._ 2,397
456
Detroit Toledo & Ironton
350
Hocking Valley
177
Kanawha & Michigan
903
Lake Erie & Western
436
Toledo & Ohio Central
454
Toledo St. Louis & Western
Wheeling & Lake Erie (Incl.
537
Lorain & West Virginia)

747,799
415,931
def590,797 def158,387
257,750
493,591
12,981,513 14,751,312
def7/0,545 def7/7,087
2.614,670
1,444,287
171,233
1,658,827
def39,034
397,292
def//7,097
826,951
760,549
1,248,218
1,192,764

1,723,315

6,941

15,909,487 22,820,109

21,809,702

Total

1,099,856

1,620,259
422,213
317,628
9,938,597
225,895
2,637,167
1,295,141
1,548,542
1,086,651
994,294

Total

47,521

78,422,402

Southern Region.
264,097
141
Alabama & Vicksburg
1,498,327
312
Alabama Great Southern...._ _
539,640
93
Atlanta & West Point
640 def946,458
Atlanta Birm. & Atlantic
7,213,015
4,867
Atlantic Coast Line
1,497,762
291
Carolina Clinchfield & Ohio
1,583,969
1,918
Central of Georgia
171.233
343
Charleston & Western Caro
525.956
337
Cincinnati N.0. & Tex. Pac_
1,444.349
765
Florida East Coast
1.326,143
329
Georgia
348 def44/,538
Georgia & Florida
62,593
402
Georgia Southern & Florida
306
def8/,384
Gulf & Ship Island
de198,977
438
Gulf Mobile & Northern
4,479.526
4,793
Illinois Central
5,013 11,884,568
Louisville & Nashville
510.724
200
Louisville Henderson & St. L_
165 de1/84,90/
Mississippi Central
997 def1,025,823
Mobile & Ohio
1,242,397
Nashville Chatt. & St. Louis_ 1,247
187,064
204
New Orleans & Northeastern_
14,593
285
New Orleans Great Northern_
163,670
906
Norfolk Southern
64,343
113
Northern Alabama
2,763,900
82
Richmond Fred.& Potomac.._
1,867,961
3.563
Seaboard Air Line
Southern
6,983 10,642,549
def70,887
Southern RR.in Mississippi.... 278
293 def536,168
Tennessee Central
454,510
171
Vicksburg Shrev & Pacific__
1,875,153
36
Washington Southern
569,354
133
Western of Alabama
4,475,913
Yazoo & Mississippi Valley.... 1,382
Total

Standard •
Return
Entire Year
$
23,201,016
2,953,450
27,945,819
4,934,790
2,355,242
5,122,051
562,348
2,862,177
28,686,681
144,006
2,706,994
10,578,977
30,057,760
4,491,883
1,871,083

92,540,188 148,454,277

345,074
2,062,786
660,606
def572,922
11,685,220
1,162,282
3,917,977
549.209
3,092.962
1,633,983
2.256,504
der/04,538
351,763
364,779
200,289
12,981,324
19.568,935
648,071
310,921
244,315
4,145,298
990,248
407,939
291,453
192,542
3,025,529
3,658,391
29.512,206
def40,397
def2,468
342,116
1,736.088
621,916
4,499,924

322,854
1,703,180
252,995
480,000
10,180,915
1,627,963
3,408,809
466,921
3,541,040
2,842,842
858,622
88,000
511,457
595,883
558,338
16,282,374
17,310,495
343,916
308,525
2,597,478
3,182,089
1,204,992
519,904
1,266,871
150,583
1,136,974
6,497,025
18,653,893
6,990
162,734
337,948
467,230
288,238
3,862,318

38,374 53,937,173 110,740,325 102,020,390

Grand total, Eastern region_ _37.460 129.296,408 142,147,069 203,449,878
Allegheny Region.
Baltimore & Ohio (incl. Coal
& Coke)
Bessemer & Lake Erie
Buffalo & Susquehanna
Central of New Jersey
Cumberland Valley
Grand Rapids & Indiana
Long Island
N. Y. Philadelphia & Norfolk
Pennsylvania East
Pennsylvania West
Philadelphia & Reading
Pitts. eine. Chic.& St. Louis_
Staten Island Rapid Transit
Western Maryland
West Jersey & Seashore
Total

5,152
7,193,131
5,066,914
225
2,005,600
4,940,006
297 def409,326
113,043
685
1,408,865
6,375,183
164
447,030
1,848,302
455,093
570
254,425
398
2,445,212
3,915,059
122
990,008
8,042:568 19,952,680
5,381
5,786,456
1,755
4.464,444
5,431,888 11.298,842
1,629
2,384 def2,505,510
2,878,717
68,655
33,941
24
698 def131,265 def479,293
11,927 def/43,998
361

28,031,146
4,713,564
591,613
9,352,301
1,228,967
929,385
3,221,949
996,051
51,416,782
14,992,785
17,057,230
11,334,094
356,824
3,079,593
952,682

19,845 28,772,799 63.634,490 148,254,966

Pocahontas Region.
Chesapeake & Ohio (Including
7,523,378 17,060,651 13,266,983
2,506
C. & 0. of Indiana)
2,088 10,133,638 18.804,782 20,634,142
Norfolk & Western
1,952,872
3,247,603
2,555,230
523
Virginian
Total

5,117 20,212,246 37,818,305

Central Western Region.
378
Arizona Eastern
Atch. Topeka & Santa Fe_...... 9,444
1,051
Chicago & Alton
1,131
Chicago & Eastern Illinois
Chicago Burlington & Quincy
9,621
(incl. Q.0.& K.C.)
247
Chicago Peoria & St. Louis_ _ _
Chicago Rock Isl. & Pacific
8,055
&
(incl. C. R. I. G.)
374
Chicago Terre Haute & S.E
1,100
Colorado & Southern
2,593
Denver & Rio Grande
255
Denver & Salt Lake
1,028
El Paso & Southwestern
Fort Worth & Denver City...... 454
1,168
Los Angeles & Salt Lake
530
Northwestern Pacific
2,348
Oregon Short Line
259
St. Joseph & Grand Island
Southern Pacific (Pacific Sys.) 7,048
248
Toledo Peoria & Western_ _
3,614
Union Pacific
1,027
Western Pacific
Total




37,108,728

Southwestern Region.
20,514
235
Fort Worth & Rio Grande....
920
1.270,855
Gulf Coast Lines
2,466,881
Gulf Colorado & Santa Fe_ _ _ _ 1,936
International & Great North.. 1,160 def/,404,787
Kansas City Mex.& Or. Sys.... 737 dell.244.673
Kansas City Southern (incl.
2,189,359
862
T & F. 5.)
302 def/46,634
Louisiana & Arkansas
343,136
389
Midland Valley
Missouri & North Arkansas.... 365 def664,377
4,562,769
Missouri Kansas & Texas_ _ _ _ 1,714
Missouri Kan.& Tex. of Tex_ 1,796 def2,4/3,445
332 def1,041,628
Missouri Oklahoma & Gulf_ _ _
4,363,698
7.205
Missouri Pacific
4,761 14,695,141
St. Louis-San Francisco
134 def179,720
St. Louis-San Fran. & Texas_
940
3,070,880
St. Louis Southwestern
St. Louis Southwest. of Texas 815 def1,508,721
737 def1,141,723
San Antonio & Aransas Pass
Sunset Lines (incl. II. & T.0.
9,208,659
and H.E.& W.T.)
3,614
3,621,573
1,947
Texas & Pacific
369 def612,360
Trinity & Brazos Valley
Wichita Falls & Northwestern 329 def400,226
Total
Grand total all regions

1,242,475
588,433
1,479,821
40,060,757 41,709.460 39,867,072
3,178,315
def244,395
1,817,094
2,946,001
def423,466
1,560,806
25,428,088
def868,051

25,089,199 33,390,080
127,540
def528,860

31,599 35.055,171

defO/,994
1.928.596
2,854,270
1,378,645
def692,245

1,301
1,140,676
2,828,218
1,394,946
150,000

3,535,427
3,128,053
359,362
86,232
444,346
766,580
def115,861
175,000
5,853,831
5,215,538
def790,996
621,773
def529,613
def83,603
11,821,976 14,206,814
11,247,194 24,690,213
def117,399 del332,953
3,355,749
3,681.615
555,165
def338,255
456,684
def126,023
13,836,811
3,719,146
def430,238
def488,896

8,503,128
4,107,432
63,158
145,245

55,972,636

61,588,468

231,889 515,817,773 685,279.511 892,855,395

Total New England district__ 8,008
9,775,418 10,227,504 38,901,093
26.3
25.1
% of standard return
Total Central District
22,511 103,611.503 109,099.456 142,739,083
72.6
% of standard return..........._
76.4
Total Ohio-Indiana District.... 6,941 15,909,487 22,820,109 21,809,702
104.6
72.9
% of standard return

15,880,681
922,785 Total Eastern Region
37,460 129.296,408 142,147,069 203,449,878
69.9
2,481,212
63.6
% of standard return
8,319,377 Total Allegany Region
19,845 28,772,799 63.634,490 148,254,969
42.9
19.4
% of standard return
353,290
5,117 20,212,246 37.818.305 37,108,728
4,145,102 Total Pocahontas Region
54.5
% of standard return
101.9
1,891,386
38,374 53,937.173 110,740.325 102,020,396
3,414,751 Total Southern Region
108.5
52.9
% of standard return
1,338,000
10,204,619 Total Northwestern Region.. _47,521 78,422,402 92.540,188 148,454,277
62.3
52.8
% of standard region
373,811
36,171,354 Total Central Western Region51,973 170,121,574 182.426,498 191,978,682
95.0
88.6
% of standard return
159,740
23,670,741 Total Southwestern Region_ _31.599 35,055.171 55,972,636 61,588,468
90.9
56.9
% of standard return
1,900,350
Grand total all regions_ _231.889 515,817,773 685,279,511 892,855,396
1,973 170,121,574 182.426,498 191,978,682
76.8
% of standard return........57.8
9.067,411
def277,560
1,644,897
6,113,737
de1945,793
2.993,415
2,912,058
3,353,127
1,103,594
10,764,273
def48,318
32,677.799
def217,656
32,873,256
3,575,968

9,217.002
769,487
2,868,352
5,492,884
def961,458
4,945,206
1,824,785
2,791.315
1,485,017
10,723,916
def103,787
34,016,787
def4,377
35,629.321
2,604,528




B LA IR S CO.
INCORPORATED

24 BROAD STREET
NEW YORK
Boston
Cleveland
Milwaukee
Pittsburg
St. Louis

Buffalo
Detroit
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Rochester
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Chicago
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ilsINESTMENT SECURITIES

1

Harvey Fisk & Sons
INCORPORATED

34 PINE STREET
NEW YORK

BOSTON

CHICAGO

PHILADELPHIA

GOVERNMENT, MUNICIPAL,
PUBLIC UTILITY AND
INDUSTRIAL SECURITIES

SIMON BORG & CO..
46 CEDAR STREET

•

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MEMBERS OF NEW

YORK

STOCK

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NEW YORK

EXCHANGE.

Investment Securities.
I:Ugh-Grade Bonds and Guaranteed Stocks tor Savings Banks, Institutions, Trust Estates
and Individual Investors a Specialty.
LIST OF INVESTMENT OFFERINGS SENT ON APPLICATION

A. D. CONVERSE & CO.
PHILADELPHIA
COMMERCIAL TRUST BLDG.

Information for guidance
of investors is always
available.




68 WILLIAM STREET
INII.DV YORK CITY

BONDS
Government
Municipal

Public Utility
Industrial

Diversified list of offerings furnished on application

BALTIMORE
GARRETT BLDG.

Our Statistical Dept. is
at the service of banks,
trustees and individuals.

2
We Own and Offer

Railroad Bonds
suitable for

Banks, Trustees, Corporations
and

Private Investors

Huntington Jackson & Co.
Telephone Hanover 6360

New York

43 Exchange Place

1Riilmoiul &a,
Underwrite Entire Bond Issues of Railroad, Industrial and
Public Utility Properties;

High-Grade Investment Securities
Members New York, Philadelphia and Pittsburgh Stock Exchanges
33 Pine Street
NEW YORK

Broad & Sansome Sts.
PHILADELPHIA

Baltimore

Pittsburgh

Washington

A. B. LEACH & CO., Inc.
Investment Securities
62 Cedar Street, NEW YORK
105 So. La Salle Street, CHICAGO
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Philadelphia
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Detroit
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Bertron,Griscom & Co.,Inc.
INVESTMENT SECURITIES
40 Wall Street
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